The current agreement rate for a 3 against 9 FRA is 5% p.a.
Based on your analysis of the interest rate markets, you think that
the 6-month LIBOR rate in 3 months' time is going to be 3%. If you
want to make profit by trading FRAs, what would you do? Assuming
the notional value is $1.5 million, and each month has exactly 30
days, how much profit can you make? Select one: a. None of the
options b. Since...