A forward rate agreement (FRA) pays 4-9- interest (quarterly compounde (1).pdf

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A forward rate agreement (FRA) pays 4.9% interest (quarterly compounded) for 3 months starting in 0.5 years on a principal of $200 million. Consider the following annual interest rates: Part 1 Attempt 4/5 for 10 pts . What is the value of the FRA to the receiver of the 4.9% (in $ ?.

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