choose the correct On 15 December 2019 Castellers Group wishes to lock in the interest rate on a prospective borrowing o

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answerhappygod
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choose the correct On 15 December 2019 Castellers Group wishes to lock in the interest rate on a prospective borrowing o

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choose the correct
On 15 December 2019 Castellers Group wishes to lock in the
interest rate on a prospective borrowing of $3 000 000 for a
three-month period from 15 March 2020 to 15 June of the same year.
An FRA dealer quotes 12.55% per annum. On 15 March the BBSW
reference rate is 12.15% per annum. What is the settlement
amount?
a -$2844.79 paid by Castellers Group to the FRA dealer to
b- $2844.79 paid by the FRA dealer to Castellers Group
c- $2843.40 paid by the FRA dealer to Castellers Group
d- $2843.40 paid by Castellers Group to the FRA dealer to
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