Consider the following SOFR rates for different maturities. 12-month maturity: 3.8% per annum 15-month maturity: 4.0% per annum 18-month maturity: 4.2% per annum 21-month maturity: 4.4% per annum Calculate the value of an FRA where the holder will pay SOFR and receive 7.3% (quarterly compounded) for three months period starting in 15 months on a principal of $1000000?

a. All other answers provided are not correct. b. $4944.2 c. $5581.9 d. $4691.7 e. $5321.4