4) A bank accepted a three-month Eurodollar deposit and made a nine-month Eurodollar loan. The bank considers a 3 x 9 FRA for $10,000,000. The agreement rate is 5 percent. There are 180 days in the six-month FRA period. Assume that the settlement rate is 6 percent. a) Should the bank buy or sell the FRA? (20points) I b) At the settlement date, who is going to pay? the buyer of the FRA or the seller? (20points) c) Determine the value of the FRA. (20points)