15.

ABC MARKET VALUE = $52.85
CALLS			PUTS
		STRIKE
PRICE	CHG	PRICE	PRICE	CHG
7.15	0.25	$ 47.00	0.35	-0.03
5.25	0.15	$ 50.00	0.60	-0.05
1.70	0.09	$ 53.00	1.48	-0.04
1.00	0.09	$ 56.00	4.35	-0.1
0.50	0.09	$ 59.00	7.25	-0.12

If you purchased the call contract with strike price of $53, and at the expiration date ABC is trading at 56, How much is your win or loss?

16.

MN National Bank make the following interest rate collar:

10 millions, 10% interest rate cap with a price of 1.7% of face value

10 millions, 3.5% interest rate floor with a price of 1.35% of face value

If at expiration interest rates are 10.25%, how much is the profit/(loss) of MN National Bank?

PRESENT YOUR ANSWER ROUNDED TO ZERO DECIMAL PLACES

DON'T USE COMMA SEPARATORS

IF A LOSS USE THE MINUS SIGN EX -12