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# A company caps 3-month LIBOR at 10% per annum. The principal amount is \$20 million. On a

ISBN: 9780133456318 458

## Solution for problem 29.1 Chapter 29

Options, Futures, and Other Derivatives | 9th Edition

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Options, Futures, and Other Derivatives | 9th Edition

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Problem 29.1

A company caps 3-month LIBOR at 10% per annum. The principal amount is \$20 million. On a reset date, 3-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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Chapter 1 Notes Jan. 30, 2017 By: Jill Huang Bold LettersAre Important Chapter 1: Data  Row = Cases  Column = Variables  Survey: Participants / Respondents Data Exercise #1 (Credit Card Information Table) W’s & How  Who Credit Card Holders  What All the variables / What you collect  When Some time in 2008  Where USA ...

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