Question 12 (7 points) Saved Suppose a bank buys an interest rate cap that has these terms the cap will last for 5 years, annually, the cap rate is 396, and the notional amount is $10 million Suppose that the end of lewe the interest rate is 596, what is the amount of the payment that the bank will receive $0.4 million $0.2 million SO $0.3 million $0.5 million Page 4 of 5 Question 12 (7 points) Saved Suppose a bank buys an interest rate cap that has these terms the cap will last for 5 years, annually, the cap rate is 396, and the notional amount is $10 million Suppose that the end of lewe the interest rate is 596, what is the amount of the payment that the bank will receive $0.4 million $0.2 million SO $0.3 million $0.5 million Page 4 of 5