Question: 6 . Consider a $ 2 million FRA with a contract rate of 5 percent on 60 - day LIBOR . If 60 - day

6 . Consider a $ 2 million FRA with a contract rate of 5 percent on 60 - day LIBOR . If 60 - day LIBOR is 6 percent at settlement , the long will A . pay $3 , 300 B . pay $3 333 C . receive $3, 300 receive $3 . 333

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