Use the Following Data for a Caplet and Floorlet to Answer

question 22

Multiple Choice

Use the following data for a caplet and floorlet to answer the questions that follow:
-What is the caplet's value?

• A) 0.148434
• B) 0.224304
• C) 0.005835
• D) 0.008877
• E) 0.001248

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