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in 30d in 60d in 90d in 120d in 150d 30-day LIBOR 3.90% 4.00% 4.20% 4.40% 4.50% 60-day LIBOR 4.10% 4.40% 4.50% 4.70% 4.80% 90-day

in 30d in 60d in 90d in 120d in 150d
30-day LIBOR 3.90% 4.00% 4.20% 4.40% 4.50%
60-day LIBOR 4.10% 4.40% 4.50% 4.70% 4.80%
90-day LIBOR 4.20% 4.70% 4.80% 4.90% 5.20%
120-day LIBOR 4.50% 5.00% 5.20% 5.30% 5.50%
150-day LIBOR 4.80% 5.30% 5.40% 5.60% 5.90%

Our firm has just entered a 2x5 FRA at 3.8% with a notional amount of $28.5 million. Based on the expectations of future LIBOR rates shown above, the best estimate of the value of our FRA 30 days from now is:

A. -$100,000

B. -$85,000

C. -$62,000

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