Question
A person SHORTa 60-day FRA on the 45-day LIBOR with a rate of 8% and $2million notional amount will have the payoff of ____onday ____,if
A person SHORTa 60-day FRA on the 45-day LIBOR with a rate of 8% and $2million notional amount will have the payoff of ____onday ____,if the spot rate at the FRA'sexpiration is9%.
Please provide detailed solution answer is -2472.19; 60
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Personal Finance
Authors: Jeff Madura
5th edition
132994348, 978-0132994347
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