A company caps three-month LIBOR at 10% per annum. The principal amount is $20 million. On a
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A company caps three-month LIBOR at 10% per annum. The principal amount is $20 million. On a reset date three-month LIBOR is 12% per annum. What payment would this lead to under the cap? When would the payment be made?
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Related Book For
Fundamentals Of Futures And Options Markets
ISBN: 9781292422114
9th Global Edition
Authors: John Hull
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