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Question 4 3 pts On 15 December 2019, Castellers Group wishes to lock in the interest rate on a prospective borrowing of $2 000 000
Question 4 3 pts On 15 December 2019, Castellers Group wishes to lock in the interest rate on a prospective borrowing of $2 000 000 for a three-month period from 15 March 2020 to 15 June of the same year. An FRA dealer quotes 12.75% per annum. On 15 March the BBSW reference rate is 12.15% per annum. What is the settlement amount? O $3554.25 paid by the FRA dealer to Castellers Group $3554.25 paid by Castellers Group to the FRA dealer to O $2843.40 paid by Castellers Group to the FRA dealer to $2843.40 paid by the FRA dealer to Castellers Group Next
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