On a $1,000,000 principal, 91-day investment, what is the interest payable if we use an Actual/365 basis?
What is the interest if the basis is Actual/360?
If the six-month interest rate is 6% and the one-year interest rate is 8%, what is the rate for the FRA over the period from six months to one year? Assume that the number of days up to six months is 182 and from six months to one year is 183.
