Question
You need to borrow $76000 in 4-month time for 9 months. You can lock the future interest rate for the borrowing period with CBA through
You need to borrow $76000 in 4-month time for 9 months. You can lock the future interest rate for the borrowing period with CBA through a Forward Rate Agreement (FRA) at 8.5%.
Suppose after 4 months the 9-month interest rate is 6.8%, what would be the cash settlement you receive (+)/pay (-)?
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Rich Dads Increase Your Financial IQ Get Smarter With Your Money
Authors: Robert T. Kiyosaki
1st Edition
1612680658, 978-1612680651
