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The finance manager of a multinational company expects to have surplus funds of $50 million 3 months from now he has decided to park the
The finance manager of a multinational company expects to have surplus funds of $50 million 3 months from now he has decided to park the funds in a 3 month deponit. The current 3 month deponitrate is 3%. A 3/6 month $50 million FRA being quoted at 275/3,00 min on FRA to protect against interest rate You are required to compute the effective rate of return on investment smontar the month deporte 3 50%
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