- A company has agreed that it will pay 3.7% on $50 million for 3 months starting in one year. Suppose rate proves to be 4.2% (with quarterly compounding). (1) Calculate the payoff at the end of 15 months. - (2) Calculate the equivalent payoff at the one-year point. - A company has agreed that it will pay 3.7% on $50 million for 3 months starting in one year. Suppose rate proves to be 4.2% (with quarterly compounding). (1) Calculate the payoff at the end of 15 months. - (2) Calculate the equivalent payoff at the one-year point