Question: b) What is the value V F R A ( 0 , 1 / 4 , 1 ) V FRA (0,1/4,1)V, start subscript, F, R,

b) What is the value V F R A ( 0 , 1 / 4 , 1 ) V FRA (0,1/4,1)V, start subscript, F, R, A, end subscript, left parenthesis, 0, comma, 1, slash, 4, comma, 1, right parenthesis of a FRA with reference period [1/4,1], fixed rate 4%, and notional 100? Round your answer to 2 decimal places

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