ACI
3I0-013 · Question #139
3I0-013 Question #139: Real Exam Question with Answer & Explanation
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Question
Today is the fixing date for 6x9 FRA that you sold at 5.50% and for which the LIBOR is now 6.00%. Which of the following is true?
Options
- AYou will pay a cash settlement to the counterparty
- BYou will receive the cash settlement
- CThere is no cash settlement pending
- DThere is insufficient information to make a determination
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