ACI
3I0-012 · Question #556
3I0-012 Question #556: Real Exam Question with Answer & Explanation
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Question
You bought a USD 4,000000 6x9 FRA at 6.75%. The settlement rate is 3-month (90-day) BBA LIBOR, which is fixed at 5.50%. What is the settlement amount at maturity?
Options
- AYou receive USD 12,330.46
- BYou pay USD 12,330.46
- CYou pay USD 12,163.81
- DYou receive USD 12,163.81
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