6. Reconsider Problem 5 using an FRA to hedge your interest rate risk. Assume the Agreed Rate in the FRA is 2.72% What are the terms of the FRA? What is your net borrowing cost if 3-mo LIBOR in 30 days turns out to be 4%? 6. Reconsider Problem 5 using an FRA to hedge your interest rate risk. Assume the Agreed Rate in the FRA is 2.72% What are the terms of the FRA? What is your net borrowing cost if 3-mo LIBOR in 30 days turns out to be 4%