where the 0 5 come from this formula Jerry's Payment EUR2 6m x (ESTR 1 ESTR) USD2m x 5 03 x 0 5

Question

where the 0 5 come from this formula   Jerry's Payment    EUR2 6m x (ESTR 1  ESTR)   USD2m x 5 03   x 0 5

SolutionInn · Accepted Answer

The Answer is in the image, click to view ...

Question: where the 0.5 come from this formula? Jerry's Payment = [EUR2.6m x (ESTR+1%-ESTR) + USD2m x 5.03%] x 0.5