If a Firm Sells a Floor at 6% This Will

question 15

Multiple Choice

If a firm sells a floor at 6% this will:

• A) will pay the holder the LIBOR interest below the 6%.
• B) pay the firm 6% on their purchase.
• C) will pay the holder the LIBOR interest above 6%.
• D) limit the amount of borrowing to 6% of assets.

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