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A trader enters into a FRA to receive at the rate 4% on the principal of $1,000,000 over the period 60 to 90 days. If,

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A trader enters into a FRA to receive at the rate 4% on the principal of $1,000,000 over the period 60 to 90 days. If, after 30 days, the 30-to-60 day FRA rate is 5% and the quoted yield on a 30 day bill is 4%, then what is the value of the FRA? -819.22 O-815.87 819.22 O 815.87

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