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estion 2 The zero curve is flat at 0.06 per annum. What is the value of an FRA where the holder receives interest at the

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estion 2 The zero curve is flat at 0.06 per annum. What is the value of an FRA where the holder receives interest at the rate of 0.08 per annum for a six-month period on a principal of $1,000 starting in three years? All rates are compounded semiannually. (Round your answer to 2 decimal places) Selected Answer: 8.14 Correct Answer: 8.13 Answer range +/- 0.01 (8.12 - 8.14)

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