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MN National Bank make the following interest rate collar: 10 millions, 9.75% interest rate cap with a price of 1.625% of face value 10 millions,

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MN National Bank make the following interest rate collar: 10 millions, 9.75% interest rate cap with a price of 1.625% of face value 10 millions, 3.35% interest rate floor with a price of 1.45% of face value If at expiration interest rates are 3.25%, how much is the profit/(loss) of MN National Bank? PRESENT YOUR ANSWER ROUNDED TO ZERO DECIMAL PLACES DON'T USE COMMA SEPARATORS IF A LOSS USE THE MINUS SIGN EX -12

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