Question Three. Table Four shows current (11/11/22) 30 Day Federal Funds Futures pricing. The current Federal Funds target rate is 3.75%. Table Four Suppose that your macroeconomic research leads you to believe that the Federal Reserve will increase the Federal Funds rate to 4.75% by March of 2023 and keep the Federal Funds rate at 4.75% for the foreseeable future after March of 2023. Which, if any, of the Federal Funds Futures contract(s) shown in Table Four would you take long position in today and which, if any, contract(s) would you take a short position in today? The return to a long position in a 30Day Federal Funds contract is the futures price when the futures contract is entered into minus the futures price when you close the position. The return to a short position in a 30 Day Federal Funds contract is the futures price when you close the position minus the futures contract price when you entered into futures contract. Question Three. Table Four shows current (11/11/22) 30 Day Federal Funds Futures pricing. The current Federal Funds target rate is 3.75%. Table Four Suppose that your macroeconomic research leads you to believe that the Federal Reserve will increase the Federal Funds rate to 4.75% by March of 2023 and keep the Federal Funds rate at 4.75% for the foreseeable future after March of 2023. Which, if any, of the Federal Funds Futures contract(s) shown in Table Four would you take long position in today and which, if any, contract(s) would you take a short position in today? The return to a long position in a 30Day Federal Funds contract is the futures price when the futures contract is entered into minus the futures price when you close the position. The return to a short position in a 30 Day Federal Funds contract is the futures price when you close the position minus the futures contract price when you entered into futures contract