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You go short an FRA 3x6 at a forward rate of 5% and a notional of $1 million based on 30 days per month. At

  1. You go short an FRA3x6 at a forward rate of 5% and a notional of $1 million based on 30 days per month. At the expiration of the FRA, the underlying rate is 5.5%. Indicate the payment that you will make or receive and the month in which he will receive or make the payment.

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