Question
A bank has purchased a $1.5 million floor of 3 percent at a premium of 0.12 percent of face value. What happens if interest rate
A bank has purchased a $1.5 million floor of 3 percent at a premium of 0.12 percent of face value.
What happens if interest rate are 2.90%?
IF A LOSS USE THE MINUS SIGN EX -10 DON'T USE COMMA SEPARATORS
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Finance For Executives Managing For Value Creation
Authors: Gabriel Hawawini, Claude Viallet
6th Edition
1473749247, 9781473749245
