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you enter into a fra national $10,000,000 to borrow on the three month underlying libor rate six months from.now and lock in the rate of

you enter into a fra national $10,000,000 to borrow on the three month underlying libor rate six months from.now and lock in the rate of 8.0%. at the end of six months, if the underlying three month rate is 7.0% over an actual period of 182 days, what is your payment? recall that frames are settled discounted form

$-48,828

$-50,556

$50,556

$48,828

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