题目
An investor enters into a 1-year FRA where she will receive the contracted rate on a principal of $2million. The contracted rate is a 1-year rate at 4%. The cash flow if the actual rate is 5% at maturity of the underlying asset (loan) is closest to:
选项
A.-$20,000
B.-$200,000
C.$200,000
D.$20,000
答案
A
解析
$2,000,000 (0.04 - 0.05) (1) = -$20,000计算如下：$2,000,000* (0.04 - 0.05) *(1) = -$20,000