NO.PZ202304100300001303
问题如下：
Based on Exhibit 7, the no-arbitrage fixed rate on a
new 1 x 4 FRA is closest to:
选项：
A.
0.65%.
B.
0.73%.
C.
0.98%.
解释：
The no-arbitrage fixed rate on the 1 x 4 FRA is
calculated as
For a 1 x 4 FRA, the two rates needed to compute
the no-arbitrage FRA fixed rate are L(30) = 0.75% and L(120) = 0.92%. Therefore,
the no-arbitrage fixed rate on the 1 x 4 FRA rate is calculated as
请问这里哪里说每个季度 reset
