-
How could I lock in a profit?
-
Because I would just--
-
he's willing to give this to me for a low price of 90 cents instead of 91 cents.
-
So what can I do?
-
Let's say he's willing--he'd pay me,
-
let's say more likely--let's say he'd pay me 93 cents.
-
Say some guy came to me, I'm the banker, and he says,
-
"I'll pay you 93 cents today to get 1 dollar in year 3,"
-
In other words, for a 3 year zero.
-
Well, I'd say, "That's wonderful."
-
I'll sell them this promise in year 3, of 1 dollar for 93 cents.
-
Then with that 93 cents, I'll only use 91.7 of those cents