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QUESTION
Result: builder protected against interest rate fluctuations The notional amount of the contract is the total amount the builder lends to the...
Result: builder protected against interest rate fluctuations The notional amount of the contract is the total amount the builder lends to the homeowners. The cost of the contract is very small, but the potential gain or loss is quite large because the notional amount is large. What is the value of a derivative security?
