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Basic Question 2 of 9
A "3 x 6 FRA" indicates that the FRA expires in ______ months.
B. 6
C. 9
A. 3
B. 6
C. 9
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I just wanted to share the good news that I passed CFA Level I!!! Thank you for your help - I think the online question bank helped cut the clutter and made a positive difference.
Edward Liu
Learning Outcome Statements
describe how interest rate forwards and futures are priced, and calculate and interpret their no-arbitrage value;
CFA® 2025 Level II Curriculum, Volume 5, Module 31.