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If an FRA is described as a 3×9 FRA, it means this FRA A:has an expiration 3 months from now and the payment is based on 6-months LIBOR B:has an expiration 6 months from now and the payment is based on 9-months LIBOR C:has an expiration 6 months from now and the payment is based on 3-months LIBOR |
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