can someone explain to me how to get the answer for question # 9.B P 52 Reading 58. thanks
9B is a simple FRA calculation. 6 x 12 FRA. So 180 day and 360 day rates matter 5.7% 180 days -> 1+0.057*180/360=1.0285 5.95% 360 days -> 1+0.0595*360360=1.0595 [1.0595/1.0285 - 1]* 360/180 = 6.03%
yea thanks cp. I got it afterwards. I kept on typing 6.3 instead of 6.03…