26. In contrast to an interest rate futures contract, the buyer of an FRA benefits if the...
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26. In contrast to an interest rate futures contract, the buyer of an FRA benefits if the reference rate increases and the seller benefits if the reference rate decreases.
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Measuring And Controlling Interest Rate And Credit Risk
ISBN: 9780471268062
2nd Edition
Authors: Frank J. Fabozzi, Steven V. Mann, Moorad Choudhry
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