QUESTION THREE a. What are the differences between an interest rate futures contract and an interest rate forward contract b. A March 2019 futures contract is priced at K110,000 for a K100,000 Government band. The expected bond price on the delivery date is x 110,000 What is the expected futures contract price on ths date? c. What happens to the profit of the seller and the buyer of the interest rate futures contract if the bond price turns out to be K120,000 on the delivery date? d. What is the result in (c) above if the buyers and sellers had instead bought futures options at premium of K2000