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A lender purchased aputwith X=6.8% and notional amount of 7,200,000.The put'sexpiration is in 80days and the underlying is the 45-daycorporate loan rate. What will be

A lender purchased aputwith X=6.8% and notional amount of 7,200,000.The put'sexpiration is in 80days and the underlying is the 45-daycorporate loan rate.

What will be the put'spayoff, if at expiration the 45-day spot rateis 6.1%?

Round your answer to the nearest integer and omit any ','separators.

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