Explain the difference between the following terms: (a) Payoff to an FRA. (b) Price of an FRA.
Question:
Explain the difference between the following terms:
(a) Payoff to an FRA.
(b) Price of an FRA.
(c) Value of an FRA
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a The payoff from an FRA is the dollar amount received at maturity of the FRA For example if we a...View the full answer
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