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Here is the question. The actual data is attached.
What is the value of an FRA that promises to pay you 5.0% (compounded semi-annually) on a principal of $1 million for the six-month period starting in 18 months?© BrainMass Inc. brainmass.com October 10, 2019, 12:02 am ad1c9bdddf
Forward Rate is assessed.