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MN National Bank make the following interest rate collar: 10 millions, 9.73% interest rate cap with a price of 1.725% of face value 10 millions,

MN National Bank make the following interest rate collar: 10 millions, 9.73% interest rate cap with a price of 1.725% of face value 10 millions, 3.35% interest rate floor with a price of 1.475% of face value If at expiration interest rates are 10%, how much is the profit/(loss) of MN National Bank?

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