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Suppose that FRM Inc. is expected to receive an amount of $1,000,000 in 1 year (i.e. at t = 1.0), which it does not need.
Suppose that FRM Inc. is expected to receive an amount of $1,000,000 in 1 year (i.e. at t = 1.0), which it does not need. Instead, FRM Inc. would like to receive the amount plus any interest in year 2 (i.e. at t = 2.0). Explain clearly with all steps and complete the following table:
| Action at T = 0 | Description and Cash flow at T = 1.0 | Description and Cash flow at T = 2.0 |
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