Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. answer is a i need solution 4. a \\( 3 \\times

answer is a i need solution 4. A \\( 3 \\times 9...

60.1K

Verified Solution

Question

Finance

answer is a i need solution image
4. A \\( 3 \\times 9 \\) FRA contract was set at a rate of \2.5 and settled against WIBOR \\( 6 \\mathrm{M} \\). Three months later the \\( 6 M \\) WIBOR rate was \2.75. The nominal value of the contract is PLN 5 million Please calculate the settlement amount (given below as absolute value) of the contract in \\( 30 / 360 \\) convention and indicate which counterparty will receive this amount. a) 6165.23 PLN and seller of FRA pays to the buyer. b) \\( 6165.23 P L N \\) and buyer of FRA pays to the seller. c) 12330.46 PLN and seller of FRA pays to the buyer. \\( 12330.46 P L N \\) and buyer of FRA pays to the seller

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

A company makes three products that have the following characteristics: Product A sells for $75 but needs...

Operations Management
Q

Semiconservative replication of DNA involves A each of the original strands acting as a template...

Biology
Q

igure I 17 Two parallel plate capacitors of capacitances C and 2C consisting of plates...

Physics
Q

In a region of space the electric field E Exi Eoyj Consider an imaginary cubical...

Physics
Q

Determine the work done in moving a body of mass m 100 kg slowly from...

Physics
Q

1 2 Given graph is a plot of magnitude of normal limiting friction kinetic friction...

Physics
Q

Assume that you wish to save $1800 in a sinking fund in 2 years. The...

Basic Math
Q

The following transactions took place for Parker's Grocery. a. Jan. 1 Loaned $48,000...

Accounting
Q

Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours....

Accounting
Q

Background: Your friend runs a very simple business and asks you to prepare formal financial...

Accounting
Q

A business has the following items at year-end, $10,250 in a bank chequing account, $350...

Accounting
Q

Sustainable Growth Rate a payout ratio of 25 percent. a. What is the company's sustainable...

Accounting