Question 10.| For each part, provide a short answer ( 3 sentences would be sufficient). (a) "The futures price for a currency is typically greater than the spot price of the same currency." Is this statement true or false? Explain why. (b) We can replicate an option by trading SS+B. Is this same idea valid for replicating a forward contract? If so, what is " "and what is " B "? and, if not, explain why not. (c) Which has a higher expected return, a deep in-the-money call option or a deep out-of-the-money call option? Why? Question 10.| For each part, provide a short answer ( 3 sentences would be sufficient). (a) "The futures price for a currency is typically greater than the spot price of the same currency." Is this statement true or false? Explain why. (b) We can replicate an option by trading SS+B. Is this same idea valid for replicating a forward contract? If so, what is " "and what is " B "? and, if not, explain why not. (c) Which has a higher expected return, a deep in-the-money call option or a deep out-of-the-money call option? Why