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You are a bank and your customer asks you to quote an agreed-upon rate for a 3-month FRA that starts in 3 months. You observe

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You are a bank and your customer asks you to quote an agreed-upon rate for a 3-month FRA that starts in 3 months. You observe the following ratesi 3 months (90 days) rate: 3% 6 months (180 days) rate: 4%; 9 months (270 days) ratet 5% What rate should you quote? A. 5.964 B. 4.96% C 2.99% 6. None of the above

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