Question 8 (a) Suppose you enter into a long 6-month forward position at a forward price of $50. What (b) Suppose you buy a 6-month call option with a strike price of $50. What is the payoff in 6 e) Comparing the payoffs of parts (a) and (b), which contract should be more expensive ie , is the payoff in 6 months for prices of $40, $45, $50, $55, and $60? months at the same prices for the underlying asset? the long forward or long call), and why