Schweser B.5 p.25
Valuing an FRA at Maturity.
The maturity date is FRA expiration or Loan maturity date? Thanks.
Schweser B.5 p.25
Valuing an FRA at Maturity.
The maturity date is FRA expiration or Loan maturity date? Thanks.
At FRA expiration; the PV of the value at the loan maturity (discounted at the market (floating) rate).