微信扫一扫
实时资讯全掌握
| Next, Miller asks Johnson to determine the net payoff of the corresponding long collar (buying the cap and selling the floor) for the total outstanding amount of the floating rate bond. Assume that LIBOR has risen to 8% at expiration. Which of the following is the closest to Johnson's answer? A. $600,000. B. −$600,000. C. $900,000. |