ACI
3I0-012 · Question #699
3I0-012 Question #699: Real Exam Question with Answer & Explanation
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Question
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?
Options
- AYou pay EUR 20,000.00
- BYou receive EUR 20,000.00
- CYou pay EUR 19,826.52
- DYou receive EUR 19,826.52
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