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You open a 90-days Eurodollar time deposit three months from now. You enter into a 3x6 forward rate agreement (FRA). The amount you will deposit

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You open a 90-days Eurodollar time deposit three months from now. You enter into a 3x6 forward rate agreement (FRA). The amount you will deposit is $27,518,314. The six-month Libor rate is 3 The three-month Libor rate is 2 What is your forward rate? "Round your answer to the nearest three decimals if needed. *Type your answer in percentage and not in decimals (le. 5.2 and not 0.052). Do not type the % symbol

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