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Derivatives
Derivatives
Hard
DeltaWave Corp enters a 3×9 FRA as the fixed-rate payer at 4.50% on $10 million notional. At settlement, the 6-month reference rate is 5.20% (180/360 day count). The settlement payment DeltaWave receives is closest to:
A
$34,113
B
$35,000
C
$70,000
D
$34,500
Select an answer to continue
Tags
#fra
#forward-rate-agreement
#settlement-calculation
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CFA Level I — Derivatives Practice Question | AcadiFi | AcadiFi