A Long Position in A $6 \times 9$ FRA Can Be Replicated Using
A) a Six-Month Borrowing Combined

Multiple Choice

A long position in a $6 \times 9$ FRA can be replicated using

A) A six-month borrowing combined with a 9-month investment.
B) A six-month investment combined with a 9-month borrowing.
C) A six-month investment combined with a 3-month borrowing.
D) A six-month borrowing combined with a 3-month investment.