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Question 26 (3.7 points) A Forward Rate Agreement contains an agreed interest rate of 4.5% on a 6-month loan. If settled in arrears, what amount

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Question 26 (3.7 points) A Forward Rate Agreement contains an agreed interest rate of 4.5% on a 6-month loan. If settled in arrears, what amount would the borrower pay or receive on a $1,000,000 loan if the prevailing 6-month interest rate is 5.5%? $45,000 payment $55.000 receipt O $10,000 receipt $10,000 payment

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