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Based on market quotes on Canadian dollar (C$) Libor, the four-month C$ Libor and the six-month C$ Libor are presently at 1.2% and 1.5%, respectively.

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Based on market quotes on Canadian dollar (C$) Libor, the four-month C$ Libor and the six-month C$ Libor are presently at 1.2% and 1.5%, respectively. Calculate the 4 * 6 FRA fixed rate. 2.09% A. 2.34% B. 2.22% C. 1.83% D

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