You are given the following data: the spot exchange rate is USD/EUR 1.21; the p.a. simple interest rate on a six-month deposit is 4 percent in the US and 5 percent in Europe. Compute: (i) The forward rate for a six-month forward contract (i) The time-T EUR value of a USDT 1 six-month forward sale (iii) The time-t EUR value of a USDT 1 six-month forward sale (iv) The time-T EUR value of a EUR 1 six-month investment (v) The time-t USD value of a EUR 1 six-month forward sale (20 marks)