How is the rate of interest of a floating- rate debt normally expressed?

Name: How is the rate of interest of a floating- rate debt normally expressed?
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The rate of interest of a floating-rate debt is normally expressed as a margin over a benchmark such as the bank base rate. This means that the interest rate on the debt will vary as the benchmark rate changes. The margin is set at the time of initial sale of the debt and remains fixed throughout the life of the debt, while the benchmark rate varies.

How Is the Rate of Interest of a Floating- Rate