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The zero curve is flat at 0.06 per annum. What is the value of an FRA where the holder receives interest at the rate of

The zero curve is flat at 0.06 per annum. What is the value of an FRA where the holder receives interest at the rate of 0.08 per annum for a six-month period on a principal of $1,000 starting in three years?All rates are compounded semiannually.(Round your answer to2 decimal places)

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