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To short an FRA, you would need to do the following at expiration: Pay fixed FRA rate and receive floating LIBOR rate Pay fixed FRA

To short an FRA, you would need to do the following at expiration:

Pay fixed FRA rate and receive floating LIBOR rate

Pay fixed FRA rate and pay floating LIBOR rate

Receive fixed FRA and pay floating LIBOR rate

Receive fixed FRA and receive floating LIBOR rate

none above

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