Suppose that you enter a short position in a 2X6 FRA on June 15. The FRA is quoted at 4.75%. The two-month, three-month, four-month, six-month, and eight-month LIBOR rates are 4.35%, 4.85%, 5.25%, 5.45%, and 6.25%, respectively. Assume that a month has 30 days. The fair price of the FRA is Select one: a. 5.46% b. 5.96% O c. 5.25% O d. 4.75% e. 5.83% Next page