Forward rate agreement

sessiljoseph
Good Student
Posts: 22
Joined: Sat Apr 26, 2014 7:29 am

Forward rate agreement

Postby sessiljoseph » Wed Apr 30, 2014 11:06 am

consider the buyer of a 6*9 FRA.the contract rate is 6.35%on a notinal amount of 10million$.calculate the settlement amount of the seller if settlement rate is 6.85% assume a 30/360 days
a. -12,500
-12,290
+12500
+12290
can u please explain

edupristine
Finance Junkie
Posts: 722
Joined: Wed Apr 09, 2014 6:28 am

Forward rate agreement

Postby edupristine » Wed Apr 30, 2014 1:24 pm

Could you please refer an exact source of question.


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