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Question 3 O out of 1 points Suppose that oil forward prices for 1 year,...

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Question 3 O out of 1 points Suppose that oil forward prices for 1 year, 2 years, and 3 years are $45, $52, and $59 per barrel. The 1-year effective annual interest rate is 4.5%, the 2-year interest rate is 4.0%, and the 3-year interest rate is 3.3%. What is the fixed per-barrel price in a 3-year swap that calls for delivery of 3 barrels of oil at the end of the first year, 2 barrels the second year, and 1 barrel the third year? Selected Answer: b. $42.72 Answers: a. $51.88 b. $42.72 C. $48.22 d. $46.48 e. $49.56 Question 3 O out of 1 points Suppose that oil forward prices for 1 year, 2 years, and 3 years are $45, $52, and $59 per barrel. The 1-year effective annual interest rate is 4.5%, the 2-year interest rate is 4.0%, and the 3-year interest rate is 3.3%. What is the fixed per-barrel price in a 3-year swap that calls for delivery of 3 barrels of oil at the end of the first year, 2 barrels the second year, and 1 barrel the third year? Selected Answer: b. $42.72 Answers: a. $51.88 b. $42.72 C. $48.22 d. $46.48 e. $49.56

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