Problem

15. If the six-month interest rate is 6% and the one-year interest rate is 8%, what is the...

15. If the six-month interest rate is 6% and the one-year interest rate is 8%, what is the rate for the FRA over the period from six months to one year? Assume that the number of days up to six months is 182 and from six months to one year is 183.

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Solutions For Problems in Chapter 6