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A Long Position in A 6×96 \times 9 FRA Can Be Replicated Using
A)A Six-Month Borrowing Combined with Be

Question 1

Multiple Choice

A long position in a 6×96 \times 9 FRA can be replicated using


A) A six-month borrowing combined with a 9-month investment.
B) A six-month investment combined with a 9-month borrowing.
C) A six-month investment combined with a 3-month borrowing.
D) A six-month borrowing combined with a 3-month investment.

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