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Assume TwinCorp knows that 3 months later it will need to borrow7,000,000 for 4 months. TwinCorp signs an FRA agreement with abank dealer which commences
Assume TwinCorp knows that 3 months later it will need to borrow£7,000,000 for 4 months. TwinCorp signs an FRA agreement with abank dealer which commences in 3 months. The FRA rate is 3.8 %.Assume 2 answers
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