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Amanda Halstrom entered into an equity swap that calls for quarterly payments on a notional amount of $500,000. Halstrom will make payments based on the

Amanda Halstrom entered into an equity swap that calls for quarterly payments on a notional amount of $500,000. Halstrom will make payments based on the of Value Index and receive payments based on Growth Index. The index values are given below:

Level at Last Reset Date Level Today
Value Index 1,230 1,290
Growth Index 1,450 1,420

The value of Halstoms position is closest to:

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A) - $34,375

B) $33,820

C) $10,565

D) - $138,940

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