Suppose a company wishes to lock in a 9-month rate to be


Suppose a company wishes to lock in a 9-month rate to be placed in 3 months. It has been known LIBOR3 is 7.6% and LIBOR12 is 8.25%. What is the forward forward rate for a LIBOR9 deposit to be placed in three months?

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Finance Basics: Suppose a company wishes to lock in a 9-month rate to be
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