Equity Swaps-R 38

CFA Level III
#1

This is the example 11 in R-38, page 478. The solution says that CEO will receive return based on notional princila of $300 million. Shouldnt it be based on $30 million (10 % as mentioned in question)

Thanks

#2

he wants to sell (use) 10% of 100 Mill shares at 30 per share.

so 10% of 3000 Mill = 300 Mill. Correct as written.

#3

yes , thanks CP