Question 10 6 pts a) Explain the main advantages and disadvantages of FRA contracts for FRA users. (2 marks) b) Demonstrate how a fund manager can hedge a planned investment in $50 million (face value) parcel of 90-day NCDs next month with a 1:4 FRA at 4.2% assuming the spot rate next month is 395%. (4 marks) Edit View Insert Format Tools Table 12pt Paragraph Tev Question 10 6 pts a) Explain the main advantages and disadvantages of FRA contracts for FRA users. (2 marks) b) Demonstrate how a fund manager can hedge a planned investment in $50 million (face value) parcel of 90-day NCDs next month with a 1:4 FRA at 4.2% assuming the spot rate next month is 395%. (4 marks) Edit View Insert Format Tools Table 12pt Paragraph Tev