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Tenor (Days) Rate 30 1.75% 60 1.82% 90 1.90% 120 1.92% 150 1.94% 180 1.95% 210 1.97% 270 2.02% a) Based on the chart above,

Tenor (Days)

Rate

30

1.75%

60

1.82%

90

1.90%

120

1.92%

150

1.94%

180

1.95%

210

1.97%

270

2.02%

a) Based on the chart above, the no-arbitrage fixed rate on a new 1 4 FRA is closest to

b). Based on the chart above, , the fixed rate on a new 2 5 FRA is closest to

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