The 6-month, 12-month, 18-month, and 24-month zero rates are 4%, 4.5%, 4.74%, and 4.98%, with...
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The 6-month, 12-month, 18-month, and 24-month zero rates are 4%, 4.5%, 4.74%, and 4.98%, with SEMIANNUAL compounding. What is the value of an FRA that promises to pay you 6.1 % (compounded semiannually) on a principal of $700000 for the 6-month period starting in 18 months? Enter your answer correct to 2 decimal places, and with the correct sign.
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