Question
A lender purchased a put with X=7% and notional amount of 500,000. The put's expiration is in 80 days and the underlying is the 90-day
A lender purchased a put with X=7% and notional amount of 500,000. The put's expiration is in 80 days and the underlying is the 90-day corporate loan rate. What will be the put's payoff, if at expiration the 90-day spot rate is 6.6%?
Round your answer to the nearest integer and omit any ',' separators.
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Case Studies In Finance
Authors: Robert F. Bruner
4th Edition
0072338628, 978-0072338621
