A floating rate bond has a reasonably stable price, but actual interest payments received change often over the life of the bond.

Name: A floating rate bond has a reasonably stable price, but actual interest payments received change often over the life of the bond.
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A floating rate bond's interest payments are tied to a benchmark rate, such as the LIBOR, and can change frequently. However, the price of the bond is generally fairly stable because it adjusts to reflect changes in interest rates.

A Floating Rate Bond Has a Reasonably Stable Price, but Actual