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Alphabet needs to borrow USD36 million for 8 months, in 4 months' time, at a locked-in FRA rate of 5.75%. The reference rate at the

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Alphabet needs to borrow USD36 million for 8 months, in 4 months' time, at a locked-in FRA rate of 5.75%. The reference rate at the beginning of the loan period in 4 month' time is 6.34%. The FRA payment is and it is paid by a. USD136,372.39; Alphabet b. USD135,857.75; seller of FRA c. USD135,857.75; Alphabet d. USD136,372.39; seller of FRA

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