15. An interest rate cap is an agreement whereby the seller agrees to pay the buyer if...

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15. An interest rate cap is an agreement whereby the seller agrees to pay the buyer if the reference rate exceeds the strike rate.

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Measuring And Controlling Interest Rate And Credit Risk

ISBN: 9780471268062

2nd Edition

Authors: Frank J. Fabozzi, Steven V. Mann, Moorad Choudhry

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