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you have lent GBP 1,000,000 for 10 months (303 days) at 10.55 and borrow the same amount for four months (123 days) GBP at 11.00

you have lent GBP 1,000,000 for 10 months (303 days) at 10.55 and borrow the same amount for four months (123 days) GBP at 11.00 a) what is your forward position? b) how could you hedge in an FRA?

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