Floating-Rate Notes (FRN)

Floating-rate notes (FRN) :

A) experience very volatile price changes between reset dates.
B) are typically medium-term bonds with coupon payments indexed to some reference rate (e.g. LIBOR) .
C) do not appeal to investors with strong need to preserve the principal value of the investment should they need to liquidate prior to the maturity of the bonds.
D) are typically long-term bonds with coupon payments indexed to some fixed rate.