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True or false: Because payments on forward rate agreements are discounted to the beginning of the loan period at the realized rate, they exhibit convexity,
True or false: Because payments on forward rate agreements are discounted to the beginning of the loan period at the realized rate, they exhibit convexity, whereas payments on interest rate futures are linear?
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Financial Management 101 Get A Grip On Your Business Numbers
Authors: Angie Mohr
2nd Edition
1551808056, 978-1551808055
