Bank A offers a 1-year Forward Rate Agreement at 7% p.a. which will settle against the 3-month interest rate to prevail after 1 year from today. You have taken the fixed-rate receiver's position of the FRA. After 1 year, if the 3-month interest rate turns out to be 4% p.a., how much will you receive on the maturity date of the FRA? (1) 0.7426; (2) 0.75; (3)1.8029; (4) 2.4080; (5) 2.8846; (6) 2.9703; (7) 3.0; [unit: $mil; nominal principal = $100mil] Bank A offers a 1-year Forward Rate Agreement at 7% p.a. which will settle against the 3-month interest rate to prevail after 1 year from today. You have taken the fixed-rate receiver's position of the FRA. After 1 year, if the 3-month interest rate turns out to be 4% p.a., how much will you receive on the maturity date of the FRA? (1) 0.7426; (2) 0.75; (3)1.8029; (4) 2.4080; (5) 2.8846; (6) 2.9703; (7) 3.0; [unit: $mil; nominal principal = $100mil]