A "three against nine" forward rate agreement

Multiple Choice

is a forward contract on a three-month Eurobond with a nine-month maturity.

is a forward contract on a nine-month Eurobond with a three-month maturity.

could call for a buyer to sell a six-month Eurobond in three months at prices agreed upon today.

could call for a buyer to pay the seller the increased interest cost on a notational amount if six-month interest rates fall below an agreed rate beginning three months from now and ending nine months from now.