Sir in this Qs in FRA, while calculating gain or loss due to FRA we will take (4.79% - 4.82%) x 48 million x 4/12
OR
we will take
(4.99% - 4.82%) x 48 million x 4/12 ?
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Awan co
5y ago#1If interest rates increase to 4.99% then the payment on the FRA will be (4.99 - 4.82) x 48M x 4/12, as per the examiners answer.
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