You make markets in derivatives for an asset that is currently trading for 350 in the spot market in London. Today is September 11, 2019, and the term structure of U.K. money market interest rates is as follows. These rates are expressed in decimals. 1. (A) Determine the fair delivery price for a forward contract on this asset set to March 11, 2022. Make sure to spell out every step of the contract's manufacturing process, in the proper sequence. 2. (B) As it turns out, the asset will pay 17.5 in income on September 9, 2020, and on September 10, 2021. Spell out every step in the contract's manufacturing process and calculate its fair delivery price. Explain briefly the impact of the income on the contract's fair delivery price. 3. (C) Surprisingly, the asset is trading for 340 in the forward market for contracts expiring on the same date as the above contract, so it appears that the law-of-one price does not hold. Spell out the steps that are required to take advantage of this arbitrage opportunity, in the proper sequence, and calculate the profit that you will realize. The notional amount of the contract is equal to 100 units of the asset