Which of the following is NOT a feature of euro floating rate notes (FRNs) ?
A) Typically, FRNs issues are at least USD100 million.
B) FRNs are a bearer bond issue in the euromarkets.
C) A FRN call option gives the issuer the right to redeem the bonds before maturity.
D) As the coupon is adjusted frequently over its lifetime, the price of the FRN is quite volatile.
Correct Answer:
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