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    4.0073%. The bank is committed to paying 4%, therefore the value of the FRA at the end of year 3 = (4.0073% - 4%) * $10m = $732.90. But this is the value at the end of year 3, and needs to be discounted to the present using the 3 year zero rate. Therefore the value of the FRA is $732.90/(1.03 Q&A - Testing Engine

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      4.0073%. The bank is committed to paying 4%, therefore the value of the FRA at the end of year 3 = (4.0073% - 4%) * $10m = $732.90. But this is the value at the end of year 3, and needs to be discounted to the present using the 3 year zero rate. Therefore the value of the FRA is $732.90/(1.03
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    user@ex# show
    unit 0 {
    family ethernet-switching {
    port-mode trunk;
    vlan {
    members [ v4 default ];
    }
    }
    }
    B. {master:0}[edit interfaces ge-0/0/4]
    user@ex# show
    unit 0 {
    family ethernet-switching {
    port-mode access;
    vlan {
    members [ v4 Voice ]; } } }
    C. {master:0}[edit interfaces ge-0/0/4]
    user@ex# show
    unit 0 {
    family ethernet-switching {
    port-mode trunk;
    vlan {
    members [ v4 v3 ];
    }
    native-vlan-id default;
    }
    }
    D. {master:0}[edit interfaces ge-0/0/4]
    user@ex# show
    unit 0 {
    family ethernet-switching {
    port-mode access;
    vlan {
    members [ v4 default ];
    }
    }
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    Answer: D
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    Explanation
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    4.0073%. The bank is committed to paying 4%, therefore the value of the FRA at the end of year 3 = (4.0073% - 4%) * $10m = $732.90. But this is the value at the end of year 3, and needs to be discounted to the present using the 3 year zero rate. Therefore the value of the FRA is $732.90/(1.03 exam, which makes failure in the exam really painful and disappointing. Although we cannot reduce your pain and disappointment but we can certainly share with you the financial loss.

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