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A bank sells a 3 against 6 $5 Million FRA for a 3-month period starting 3 months from now and ends in six months. FRA
A bank sells a "3 against 6" $5 Million FRA for a 3-month period starting 3 months from now and ends in six months. FRA agreement rate with the buyer is 3.56%. There are 89 days in the 3-month FRA ...
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Fundamentals of Futures and Options Markets
Authors: John C. Hull
8th edition
978-1292155036, 1292155035, 132993341, 978-0132993340
