Which of the following is not true of a standard floating-rate note on a coupon reset date?
A) The next coupon payment is set based on prevailing market rates.
B) The principal is unchanged.
C) The ex-coupon price (the price of the note not including the coupon immediately due) of the note is par.
D) The cum-coupon price (the price of the note including the coupon immediately due) is par.
Correct Answer:
Verified
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