b) Company A agrees to enter into an FRA agreement with Company B in which Company A borrows $ 50,000,000 in 6-month time for a period of 9 months, and Company B invests $50,000,000 in 6-month time for a period of 9 months. The 6month interest rate is 0.75% per annum and the 9-month interest rate is 0.90% per annum. (D). What is the interest rate that both companies agreed upon? [1 mark] (ii). Suppose that at the expiry date of the FRA, the 6-month interest rate is 0.81% per annum and the 9-month interest rate is 0.96% per annum, calculate the compensatory payment and which party receives it