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Katanga wants to borrow $ 1 0 0 mm in 4 months time for 6 months. So they entered into a FRA at 4 .
Katanga wants to borrow $mm in months time for months. So they entered into a FRA at per annum. The month and month spot rates are and Please value the FRA in actual dollar amount ie please do not round off to the nearest million rounding your answer to decimal places.
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