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ACI-Financial 3I0-012 Question # 65 Topic 7 Discussion

3I0-012 Exam Topic 7 Question 65 Discussion:
Question #: 65
Topic #: 7

You bought a CAD 8,000,000.00 6x9 FRA at 1.95%. The settlement rate is 3-month (90-day) BBA LIBOR, which is fixed at 0.9500%.

What is the settlement amount at maturity?
A.

You pay CAD 20,000.00

B.

You receive CAD 20,000.00

C.

You pay CAD 19,952.61

D.

You receive CAD 19,952.61

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Actual exam question for ACI 3I0-012 exam by Juno1162 at May 2, 2026, 9:24:15 PM

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