BMK Group wants to borrow USD85 million for 5 months, in 6 months' time. The MNC enters into a forward rate agreement (FRA) and locks in a rate of 7.08%. The reference rate at the beginning of the loan period out to be 8.68%. Fill in the spaces of the following sentence assuming 360 days in a year: The makes the FRA payment in cash a. Buyer of the FRA / today b. Seller of the FRA / at the beginning of the forward period c. Seller of the FRA / today d. Buyer of the FRA / at the beginning of the forward period