Question: We have a three month forward rate agreement with underlying 90 day labour starting on January one in a non-leap year so notational amount is

We have a three month forward rate agreement with underlying 90 day labour starting on January one in a non-leap year so notational amount is 50 million the labour structure is as follows 90 daily or 3%, 180 daily or 3.25% calculate the fixed rate on an FRE for a BNC

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