Consider a bank which has a short position in a FRA 6X12 with $1 mln. notional amount and 4.0% interest rate. Current LIBOR rates are in the table below. What is the value of the FRA position? 90 days 120 days 180 days 270 days 360 days 2.8% 3.2% 3.5% 3.9% 3.7% Consider a bank which has a short position in a FRA 6X12 with $1 mln. notional amount and 4.0% interest rate. Current LIBOR rates are in the table below. What is the value of the FRA position? 90 days 120 days 180 days 270 days 360 days 2.8% 3.2% 3.5% 3.9% 3.7%