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JK Capital Markets sold a 5% interest rate floor with a face value of 10 millions for 1.5% of face value. If at expiratior date

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JK Capital Markets sold a 5% interest rate floor with a face value of 10 millions for 1.5% of face value. If at expiratior date interest rates are 3.8%, How much is the profit/(loss) of JK Capital Markets? PRESENT YOUR ANSWER ROUNDED TO ZERO DECIMAL PLACES. DON'T USE COMMA SEPARATORS

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