Question: You are long a put option expiring in 45 days for the 60-day LIBOR with X=6.22% and $428,821 notional amount. Your payoff from the option
You are long a put option expiring in 45 days for the 60-day LIBOR with X=6.22% and $428,821 notional amount. Your payoff from the option is 1,536.58. What was the 60-day LIBOR spot rate at the option's expiration?
Answer is 4.07 please provide a solution
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