The 3-month December 2022 dollar interest rate futures contract on the dollar is currently priced at 96.00 and the contract has a nominal value of 1 million dollars. (i) What is the party that sells the dollar interest rate futures contract agreeing to? (2 marks) (ii) You are a speculator and think the 3-month interest rates on the dollar will be 2% in December, would you buy or sell the contract? Explain your reasoning. (2 marks) (iii) How much profit in dollars would you make if you take the action based on part (ii) and are proved right i.e., the 3 month interest rate on the dollar is 2% in December? Show your calculations. (2 marks) (iiv) What 3-month dollar interest rate in December 2022 will give a break-even position for the buyer of the contract? Explain your reasoning. (2 marks) (v) What is the profit (+) or loss (-) for the seller of the contract if the 3-month dollar interest rate in December 2022 is 5%? Show your calculations. (2 marks)