Question 15 You entered into a long 3 x 6 forward rate agreement on a notional amount of $10,000,000 at an agreement rate of 3 percent. Suppose at the settlement date of the FRA, the settlement rate is 3.5 percent. What is the cash settlement of the FRA? (Assume 30-day per month for 12 month) Net payment of $12,391.57 to you Net payment of $12,500 to you Net payment of $48,309.18 to you Net payment of $24,570.02 to you O None of the others