The following tree shows the possible paths of 1 year (APR, with s.a. compounding) interest rates on loans. Assume that the probability of an up move equals the probability of a down moves equals 0.50. Do not round intermediate calculations. Round your final answer to the nearest dollar. 0 0.5 1 1.5 2 2.5 3 6.02% 5.91% 5.8% 5.8% 5.69% 5.69% 5.58% 5.58% 5.58% 5.47% 5.47% 5.47% 5.36% 5.36% 5.36% 5.36% 5.25% 5.25% 5.25% 5.14% 5.14% 5.14% 5.03% 5.03% 4.92% 4.92% 4.81% 4.7% Consider a 1.5-year floating rate loan with a face value of $1,000,000 and semi-annual interest payments. If the loan has a 5.32% floor, what is the value of the floor? $ The following tree shows the possible paths of 1 year (APR, with s.a. compounding) interest rates on loans. Assume that the probability of an up move equals the probability of a down moves equals 0.50. Do not round intermediate calculations. Round your final answer to the nearest dollar. 0 0.5 1 1.5 2 2.5 3 6.02% 5.91% 5.8% 5.8% 5.69% 5.69% 5.58% 5.58% 5.58% 5.47% 5.47% 5.47% 5.36% 5.36% 5.36% 5.36% 5.25% 5.25% 5.25% 5.14% 5.14% 5.14% 5.03% 5.03% 4.92% 4.92% 4.81% 4.7% Consider a 1.5-year floating rate loan with a face value of $1,000,000 and semi-annual interest payments. If the loan has a 5.32% floor, what is the value of the floor? $