A security is currently worth $500 and an investor plans to buy it in a year. The investor is concerned the prices may rise in a year, therefor to hedge this risk, the investor enters into a forward contract to buy (Long) the asset in a year. The discrete risk free rate is 3.5%. (Use A. Calculate the appropriate “no arbitrage” forward contract price at which this investor can contract to buy the asset in one year. B. After 3 months (arbitrary time into the contract), the price of the asset in the market is now $480. Calculate the gain or loss on the forward contract position at this arbitrary time into the contract (assuming the Forward contract negotiated and locked in price at the “no-arbitrage” forward price above). C. At expiration, the price of the asset is $525. Calculate the value of the forwards contract position at expiration. Also, what is the overall gain or loss to the investor on the whole transaction?