A bank sells a "three against six" $3,000,000 FRA for a three-month period beginning three months from today and ending six months from today. The purpose of the FRA is to cover the interest rate risk caused by the maturity mismatch from having made a three-month Eurodollar loan and having accepted a six-month Eurodollar deposit. The agreement rate with the buyer is 5.66 percent. There are actually 92 days in the three-month FRA period. Assume that three months from today the settlement rate is 4.955 percent. Determine how much the FRA is worth and who pays who—the buyer pays the seller or the seller pays the buyer. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Answers: 1
Business, 21.06.2019 20:00
To be able to better compare stock performance within the same industry, similar companies are grouped into? a)market sectors b) industry blocks c) performance sectors d) average earning blocks
Answers: 1
Business, 21.06.2019 22:50
Assume that the governance committee states that all projects costing more than $70,000 must be reviewed and approved by the chief information officer and the it senior leadership team (slt). at this point, the cio has the responsibility to ensure that management processes observe the governance rules. for example, the project team might present the proposed project in an slt meeting for a vote of approval. what does this scenario illustrate about organizational structure?
Answers: 2
Business, 22.06.2019 17:00
During which of the following phases of the business cycle does the real gdp fall? a. trough b. expansion c. contraction d. peak
Answers: 2
Business, 22.06.2019 21:30
Which is the most compelling reason why mobile advertising is related to big data?
Answers: 1
A bank sells a "three against six" $3,000,000 FRA for a three-month period beginning three months fr...
English, 06.05.2020 08:41
Mathematics, 06.05.2020 08:41
Mathematics, 06.05.2020 08:41