27.19 The structure Total Return on Bond Total return otal Return Payer Receiver LIBOR plus 25bps Options, Futures, and other Derivatives, 5th edition 2002 by John C. HullOptions, Futures, and Other Derivatives, 5th edition © 2002 by John C. Hull 27.19 The Structure Total Return Payer Total Return Receiver Total Return on Bond LIBOR plus 25bps