Question 3: (Maximum 2 pages) You are making markets in derivatives for a specific asset which is trading for $200 in the spot market at this time. Today is January 2, 2023 and the Canadian term structure of money-market interest rates is provided below. These rates are expressed in decimals Term Ending date Rate Ox6 2023-07-11 0.005 Ox12 2024-01-13 0.010 Ox18 2024-06-13 0.014 Ox24 2025-01-12 0.019 1. (A) Determine the fair delivery price for a forward contract on this asset expiring January 2, 2025. Spell out each step associated with the manufacturing process of this instrument, in the proper sequence