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Today is Monday, 8th December.

Today is Monday, 8th December. You sell a 9x12 FRA for value Thursday, 10th September next year. On what date is the settlement amount due to be paid or received (assuming that there are no holidays)?

A.

8th September next year

B.

10th September next year

C.

8th December next year

D.

10th December next year

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