A person SHORTa 60-day FRA on the 45-day LIBOR with a rate of 8% and $2million notional
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A person SHORTa 60-day FRA on the 45-day LIBOR with a rate of 8% and $2million notional amount will have the payoff of ____onday ____,if the spot rate at the FRA'sexpiration is9%.
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