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please do it in 25 minutes please urgently... I'll give you up thumb definitely You entered into a long 36 forward rate agreement on a

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please do it in 25 minutes please urgently... I'll give you up thumb definitely

You entered into a long 36 forward rate agreement on a notional amount of $10,000,000 at an agreement rate of 3 percent. Suppose at the settlement date of the FRA, the settlement rate is 3.5 percent. What is the cash settlement of the FRA? (Assume 30 -day per month for 12 month) Net payment of $24,570.02 from you Net payment of $12,391.57 from you None of the other answers Net payment of $12,391.57 to you Net payment of $24,570.02 to you You entered into a long 36 forward rate agreement on a notional amount of $10,000,000 at an agreement rate of 3 percent. Suppose at the settlement date of the FRA, the settlement rate is 3.5 percent. What is the cash settlement of the FRA? (Assume 30 -day per month for 12 month) Net payment of $24,570.02 from you Net payment of $12,391.57 from you None of the other answers Net payment of $12,391.57 to you Net payment of $24,570.02 to you

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