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Unilever needs to borrow $25 million in two months for a 5 month period (assume 30 days per month). To lock in the rate in

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Unilever needs to borrow $25 million in two months for a 5 month period (assume 30 days per month). To lock in the rate in this loan Unilever buys a 25 Forward rate agreement (FRA) on LBOR at 8%. In two months LIBOR is 7 and as a result receives a payment of what

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