Answered You can hire a professional tutor to get the answer.
A lender purchased aputwith X=6.8% and notional amount of 7,200,000.The put'sexpiration is in 80days and the underlying is the 45-daycorporate loan...
A lender purchased a put with X=6.8% and notional amount of 7,200,000. The put's expiration is in 80 days and the underlying is the 45-day corporate loan rate.
What will be the put's payoff, if at expiration the 45-day spot rate is 6.1%?
Round your answer to the nearest integer and omit any ',' separators.