微信扫一扫
实时资讯全掌握
A bank has quoted the following rates for dealing in FRAs.
It is 24th March and your company wants to fix an interest rate for borrowing for three months from 24th June. The company can borrow at LIBOR plus 50 basis points. What is the effective interest rate on its borrowing that the company would secure with a 3 v 6 FRA? A. 5.06% B. 4.61% C. 5.09% D. 4.64% |