1 pts Question 21 Black Ltd plans to invest in $10 million of commercial paper (with a six-month maturity) two months from today. Black Ltd's Chief Financial Officer (CFO) is concerned about recent media reports predicting a decrease in interest rates before the commercial paper is issued. Black Ltd. intends using a 2x 8 FRA which is quoted at 4.65%. What is the dollar profit or loss on a hedging strategy using an FRA if the reference rate of interest in two months is 4.95%? Profil of $14119 Loss of $14119 Profit of $7225 Loss of $7225