Question: Help with this please D Question 21 4 pts A three-gainst-nine FRA has an agreement rate of 4.75 percent. You believe se month LIBOR in

Help with this please D Question 21 4 pts A three-gainst-nine"

Help with this please

D Question 21 4 pts A three-gainst-nine" FRA has an agreement rate of 4.75 percent. You believe se month LIBOR in three months will be 5.125 percent. You decide to take a speculative position in a FRA with a $1,000,000 notional value. There are 183 days in the FRA period. Determine whether you should buy or sell the FRA and what your expected profit will be it your forecast is correct about these month UIBOR ratu. (4 points

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