ACI
3I0-013 · Question #284
Your dealer bought a 6x9 USD 4,000,000.00 FRA at 0.75%. Settlement is now due and 3 months (90 days) USD LIBOR is 0.40%. What amount do you pay or receive?
The correct answer is D. Pay USD 3,448.65. See the full explanation below for the reasoning.
Question
Your dealer bought a 6x9 USD 4,000,000.00 FRA at 0.75%. Settlement is now due and 3 months (90 days) USD LIBOR is 0.40%. What amount do you pay or receive?
Options
- AReceive USD 3,496.50
- BPay USD 3,496.50
- CPay USD 3,500.00
- DPay USD 3,448.65
How the community answered
(48 responses)- A13% (6)
- B4% (2)
- C6% (3)
- D77% (37)
Community Discussion
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