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1. You are a bank and your customer asks you to quote an agreed-upon rate for a 36 FRA. You observe the following rates. 90

1. You are a bank and your customer asks you to quote an agreed-upon rate for a 36 FRA. You observe the following rates. 90 3% 180 4% 1270 5% What is the FRA price (rate)? Select one: a. 4.96% b. 3.96% c. 5.96% . 6.96% O d

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