Question: 7 5 . The dollar amount to be received ( or paid ) by the seller of the interest rate cap based on the forecast

75. The dollar amount to be received (or paid) by the seller of the interest rate cap based on the forecast of LIBOR assumed above over the three-year period is $__________A)500,000
B)500,000
C)1,500,000
D)1,500,000
E) none of the above

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