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8. On 01.01.2020 company A has entered a FRA contract under which it will: . pay fixed rate of 5% pa. (m=2) on a 6M
8. On 01.01.2020 company A has entered a FRA contract under which it will: . pay fixed rate of 5% pa. (m=2) on a 6M loan of 1.000.0000 PLN taken for a period 01.07.2020 - 31.12.2012, and receive floating WIBOR rate on a 6M loan of 1.000.0000 PLN given for a period 01.07.2020 - 31.12.2012. . Exchange of interest will be made at the begining of loaning period. No exchange of principals will be made during a FRA contract. What should be a net cash flow from the point of view of the company A on 01.07.2020, if the following qutations of WIBOR zero rates (pa., m=2) are known: 3M 6M 14 Date 01.01.2020 01.07.2020 01.12.2020 31.12.2020 3,00% 2,67% 2,83% 2,72% 3,81% 3,62% 3,01% 3,04% 9M 4,35% 3,67% 3,75% 3,96% 5,32% 3,75% 3,94% 4,34%
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