Question
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
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 1.475 % of face value If at expiration interest rates are 10%, 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 Respuesta
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
10th edition
978-0077511388, 78034779, 9780077511340, 77511387, 9780078034770, 77511344, 978-0077861759
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