Question: 9. Using the same information as the previous problem, suppose the interest rate on the borrowing date is 7.5%. Determine the dollar settlement of the

9. Using the same information as the previous problem, suppose the interest rate on the borrowing date is 7.5%. Determine the dollar settlement of the FRA assuming

a. Settlement occurs on the date the loan is initiated.

b. Settlement occurs on the date the loan is repaid.

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