If a Broker Refers to "The Payer of 5- Year

Multiple Choice

If a broker refers to "the payer of 5- year euro at 4.12", what is this party doing?

A) Paying a fixed rate of 4.12% per annum on a 30/360
B) Paying a fixed rate of 4.12% per annum on an actua
C) Paying a 5-year euro deposit and receiving a rate
D) Taking a 5-year euro deposit and paying a rate of