c. july 1 is the end of the company's third quarter of operations, and the company must estimate the fair value of all its contracts. including derivatives, for its quarterly nancial statements. What is the value of this FRA if the LIBOR term structure turns out to be the following on July 1? {5 marks} LIBOR 0.90% + 0.50% 1.00% + 0.50% 1.05% + 0.50% 1.10% + 0.55% 1.15% + 0.55% 1.13% + 0.55% 1.20% + 0.60% 1.21% + 0.60%