Answer both part. I will give positive feedback. Thanks

Question - Homework. important Poledirect? inspre (a) The spotrate in Hew York for f is $1.5412-1:6024 and fort is $1,1193-1.1226. calculate the bid-ask spread percentage for euro per pound sterling. (b) x has a $3m floating rate loan which is re-set every 6 months - The company wants to protect itself against a rising interest rate in the next 6 months. It purchases a 3% vs 12 FRA on a notional amoun of $3m. Ar the start of the FRA, the market in ferest rate on Floating rate debt is 3.5.10 per (i) Calculate the amount receivable by & From the writer of the FRA at the beginning of the FRA period, assuming 30 day months in a year. (ii) calculate the interest payable by x to the providers of finance at the annum. end of month 12. ci) calculate the actual interest cost of the loan and justify your answer Question - Homework. important Poledirect? inspre (a) The spotrate in Hew York for f is $1.5412-1:6024 and fort is $1,1193-1.1226. calculate the bid-ask spread percentage for euro per pound sterling. (b) x has a $3m floating rate loan which is re-set every 6 months - The company wants to protect itself against a rising interest rate in the next 6 months. It purchases a 3% vs 12 FRA on a notional amoun of $3m. Ar the start of the FRA, the market in ferest rate on Floating rate debt is 3.5.10 per (i) Calculate the amount receivable by & From the writer of the FRA at the beginning of the FRA period, assuming 30 day months in a year. (ii) calculate the interest payable by x to the providers of finance at the annum. end of month 12. ci) calculate the actual interest cost of the loan and justify your