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The relevant FRA rate is 5 v 9. The company would sell the FRA to a bank to fix the
interest rate at 3.45%.Hello Sir can you please explain why do we say that we are selling FRA to the bank? We say buy selling only in futures right?
I need to see the question to be able to answer you. However I do not have the Kaplan books (only the BPP Revision Kit).
I do have all past exam questions, so if it is labelled as being a past exam question then tell me the name of the question and the date of the exam.
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