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An FRA entered into some time ago states that a company will receive 6 . 2 % ( s . a . ) and pay
An FRA entered into some time ago states that a company will receive sa and pay LIBOR on a principal of $ million starting in years. Forward LIBOR for the period between and years is sa The year LIBOR riskfree rate is with continuous compounding.
Calculate the value of FRA.
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