NO.PZ2022123002000043
问题如下：
The CEO of a corporation
owns 100 million shares of his company’s stock, which is currently priced at
€30 a share. Given the huge exposure of his personal wealth to this one
company, he has decided to sell 10% of his position and invest the funds in a
floating interest rate instrument. A derivatives dealer suggests that he do so
using an equity swap.
Explain how to structure
such a swap.
选项：
解释：
Correct Answer：
The swap is structured such that the executive pays the return on 10
million shares of the company’s stock, which is 10% of his holdings, and he
receives the return based on a floating interest rate, such as the market reference
rate, on a notional principal of €300 million (= €30/share × 10 million
shares).
the CEO could enter a swap with:
pay the return of stock with NP of 300 million.（这里不写10million stock，改成写300million NP 是否可以？）
receive the floating interest rate return with NP of 300 million.
