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1 MN National Bank make the following interest rate collar. 20 millions, 9.5% interest rate cap with a price of 1.75% of face value 20
1 MN National Bank make the following interest rate collar. 20 millions, 9.5% interest rate cap with a price of 1.75% of face value 20 millions, 3.75% interest rate floor with a price of 1.25% of face value If at expiration interest rates are 3.15%, how much is the profit/(loss) of MN National Bank? PRESENT YOUR ANSWER ROUNDED TO ZERO DECIMAL PLACES como DON'T USE COMMA SEPARATORS IF A LOSS USE THE MINUS SIGN EX-12 Respuesta: Sig
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