Multiple Choice
You bought a CAD 8,000,000.00 6x9 FRA at 1.95%. The settlement rate is 3-month (90-day) BBA LIBOR, which is fixed at 0.9500%. What is the settlement amount at maturity?
A) You pay CAD 20,000.00
B) You receive CAD 20,000.00
C) You pay CAD 19,952.61
D) You receive CAD 19,952.61
Correct Answer:
Verified
Correct Answer:
Verified
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