Your firm has purchased an interest rate floor for a 90 day exposure with an...
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Finance
Your firm has purchased an interest rate floor for a 90 day exposure with an exercise rate of 3% written over a NP = $10mill. What are the payoffs if the BBSW rises to 2.5%?
A.
0
B.
-$12328.76
C.
$12328.76
D.
$73972.60
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