25. You $10,000,000 at 3%. Suppose at the maturity of entered in to a 3 x 6 forward rate agreement that obliged you to borrow learly you are better off since you have the ability to borrow $10,000,000 for Net payment of $12,391.57 to you the FRA, the correct interest rate is 3 months at 3% instead of 3 %. What is the payoff at the maturity of the FRA? A. B. Net payment of $12,500 to you C. Net payment of $50,000 to you D. Net payment of $48,309.18 to you 26. Suppose that the current exchange rate is 1.00 $1.60. The indirect quote, from the U.S. perspective is A. 1.00 $1.60. B. 0.6250 = $1.00. C. 1.60 = $1.00. D. None of the above The sale of new common stock by corporations to initial investors occurs in the primary market the secondary market the OTC market the dealer market 27. A. B. C. D