you decide the bank should enter into a 4*9 FRA,based on the appropriate BBSW(4 month rate is 2.4%), with an agreed rate of 2.3%, and with the pricipal is 1,000,000

(1)would you be the buyer or the seller of the FRA?

(2)if the appropriate BBSW on the settlement date is 2.8%, how much compensation will be payable under the FRA?

(3)will you receive or pay this compensation?

you decide the company should hedge interest rate risk using 5 year treasury bond futures contracts.(the future contract price is 97.52)

(1)would you sell or buy future contract?

(2)suppose you buy or sell 10 contracts at the quoted price. What is the total value of these contracts?

还有个问题，比如一个treasury bond距离到期还有10个月，他是每半个月支付一次interstat rate，那么他的price应该怎么算？ 是不是coupon payment/（1+rate）^4/12 +（coupon payment+principal）/（1+rate）^10/12