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30-day LIBOR 2.60% 60-day LIBOR 2.80% 90-day LIBOR 3.00% 120-day LIBOR 3.20% 150-day LIBOR 3.30% Based on these current LIBOR rates, what value is closest
| 30-day LIBOR | 2.60% |
| 60-day LIBOR | 2.80% |
| 90-day LIBOR | 3.00% |
| 120-day LIBOR | 3.20% |
| 150-day LIBOR | 3.30% |
Based on these current LIBOR rates, what value is closest to the price of the FRA that will hedge the risk on that 90 day loan, 60 days from today?
A. 3.0%
B. 3.6%
C. 3.2%
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Intermediate Financial Management
Authors: Eugene F. Brigham, Louis C. Gapenski
4th Edition
0030754828, 978-0030754821
