An analyst gathers the following information in order to price a forward rate agreement (FRA):
- 3-month MMR: 1.50%
- 6-month MMR: 2.00%
Using a 30/360 day count, the 3 × 6 FRA fixed rate is closest to: | Chartered Financial Analyst Level 2 Quiz - LeetQuiz
Chartered Financial Analyst Level 2
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An analyst gathers the following information in order to price a forward rate agreement (FRA):
3-month MMR: 1.50%
6-month MMR: 2.00%
Using a 30/360 day count, the 3 × 6 FRA fixed rate is closest to: