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Champlain Co. will pay Altona Inc. the return on the Russell 2000 (contain the smaller capitalized stocks) and in turn Altona will pay a fixed

Champlain Co. will pay Altona Inc. the return on the Russell 2000 (contain the smaller capitalized stocks) and in turn Altona will pay a fixed return of 4.6% annual. The notional amount is $10,000,000. Payments to both will be semi-annual and using 30-day months but 365-day years. If the move in the Russel Index moved from 1,846 to 1,899 over the last six months, what is the net payment from Champlain to Altona?

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