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Assume that an investor is securing a floating rate loan and is looking for protection against lost income that would arise if interest rates were
- Assume that an investor is securing a floating rate loan and is looking for protection against lost income that would arise if interest rates were to decline.
Suppose the floor rate is 18% and that on a particular day, the rate on the investor's floating-rate loan of KSH 3,500,000 is 6%.
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What would be the floor payment
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International Financial Management
Authors: Jeff Madura
10th Edition
1439038333, 9781439038338
