JK Capital Markets sold a 5% interest rate floor with a face value of 10 millions for1.5% of face value. If at expiration date interest rates are 3.8%, How much is the profit/(loss) of JK Capital Markets? PRESENT YOUR ANSWER ROUNDED TO ZERO DECIMAL PLACES.

Answer rating: 100% (QA)

JK Capital Markets Profit Calculation Scenario JK Capital Markets sold a 5 interest rate floor with ... View the full answer