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Can you explain to me this specific question A portfolio of long floating rate agreements (FRAs) can be used to replicate A. The floating rate
Can you explain to me this specific question
A portfolio of long floating rate agreements (FRAs) can be used to replicate
A. The floating rate payer's half of a plain vanilla swap
or the fixed rate payer's half of a plain vanilla swap.
If it is neither, can you explain why as well?
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