2008 CFA Level 1 － Sample 样题(3)－Q57 face, agreement, forward, dealer

3975

57、Dwayne, Inc., goes long (buys) a 90-day forward rate agreement (FRA) with a dealer in London. The notional principal is $20 million and the underlying rate is 180-day LIBOR that the dealer quotes at 6.0 percent. At expiration of the contract, 180-day LIBOR is 6.5 percent. The payment that must be made to settle the contract is closest to:

A. $24,213 from Dwayne to the dealer.

B. $24,213 from the dealer to Dwayne.

C. $48,426 from Dwayne to the dealer.

D. $48,426 from the dealer to Dwayne.

 

cmj_hn

q

xxjj564

 a

hehansheng

thx

doudoulong

thanks

[em50]

xumeitian

B

ken_wangyang

thanks

舍我其谁

b

galenc

a

martin_dhs

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