Multiple Choice
You bought a EUR 8,000,000 6x9 FRA at 4.50%. The settlement rate is 3-month (90-day) EURIBOR, which is fixed at 3.50%. What is the settlement amount at maturity?
A) You pay EUR 20,000.00
B) You receive EUR 20,000.00
C) You pay EUR 19,826.52
D) You receive EUR 19,826.52
Correct Answer:
Verified
Correct Answer:
Verified
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