You are a bank and your customer asks you to quote an agreed-upon rate for a 3-month FRA that starts in 3 months. You observe the following rates: 3 months ( 90 days) rate: 3%; 6 months (180 days) rate: 4%; 9 months (270 days) rate: 5%. What rate should you quote?

A. 5.96%

B. 4.96%

C. 2.99%

D. None of the above