In the afternoon, your client Tim Collins informs you that he will open a 90-days Eurodollar time deposit three months from now. Since he fears that interest rates will go down, he decides to enter into a 3x6 forward rate agreement (FRA). This way, he can lock the current (higher) rates. The amount he will deposit three months from now is $11,550,931. . Mr. Collins wants to know what is the price (rate) of the FRA? The six-month Libor rate is 2 The three-month Libor rate is 1 "Round your answer to the nearest three decimals if needed. *Type your answer in percentage and not in decimals (.e.5.2 and not 0.052). Do not type the % symbol