You entered into an FRA with XYZ capital at an interest rate of 4.3%, you did this because you expected rates to drop to 3% in the coming days. As a borrower did you position yourself correctly, and why?

A. Yes, because by locking in at your current rate you would get paid more interest.

B. No, because by locking in at your current rate, you'd be paying more interest than you should have if you just waited a little longer.

C. Yes, because financing was scarce at the time.

D. No, because interest rates are variable.