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AFMChoosing the correct strike price with Interest rate options

Lleeb052113y ago
In an interest rate options question, how do we know which strike price to use if not mentioned in the question? Is it that we use the price closest to the current LIBOR?
Ttoobaalvi13y ago#1
https://opentuition.com/topic/how-to-choose-the-exercise-price-in-options/
Ttoobaalvi13y ago#2
you can see the snswer here
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