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Finance Assignment | Professional Writing

Author:
May 30th, 2020

A person SHORT a 60-day FRA on the 45-day LIBOR with a rate of 8% and $2 million notional amount will have the payoff of ____ on day ____,

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Homework For You

if the spot rate at the FRA’s expiration is 9%.

Please provide detailed solution answer is -2472.19; 60

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