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A forward rate agreement (FRA) has a notional principal of $10 million, an FRA rate of 6% (semi-annually compounded), an expiration/delivery date in 9 months and the underlying asset is a 6-month Eurodollar time deposit. The 9 month and 15 month LIBOR rates are 4% and 4.75% on a continuously compounded basis. The value of the FRA to the seller is closest to: a. +$1,885,00 b. $5,890.00 c. -$1,885.00