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A bank has purchased a $1 million cap of 9.5 percent at a premium of 0.25 percent of face value. What happens if interest rate

A bank has purchased a $1 million cap of 9.5 percent at a premium of 0.25 percent of face value. What happens if interest rate are 9.65%? IF A LOSS USE THE MINUS SIGN EX-10 DON'T USE COMMA SEPARATORS

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