In floor-ceiling agreements buying a call option in terms of interest rates is the same as buying a put option in terms of prices.

Name: In floor-ceiling agreements buying a call option in terms of interest rates is the same as buying a put option in terms of prices.
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In floor-ceiling agreements, buying a call option on interest rates is equivalent to buying a put option on bond prices, as both strategies benefit from rising interest rates.

In Floor-Ceiling Agreements Buying a Call Option in Terms of Interest