| Spencer Hall (B) |
| 作者姓名：Stephen R. Foerster; Janice Edgecomb |
| 商品類型：Supplement | 商品編號：9A97N004 |
| 出版日期：1997/03/04 | 內容長度：5 頁 |
This case is an extension of Spencer Hall (A), case 9A95B045. The board decided to purchase an interest rate cap to hedge interest exposure on the $7.7 million loan. Subsequently, interest rates have risen and ScotiaBank has offered to cancel the cap agreement and pay a premium of $143,000.
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