Floating-rate notes
A) are a form of adjustable rate bond.
B) have contractually specified coupon payments, therefore they are fixed rate bonds.
C) always trade at par value.
D) both a and c
Correct Answer:
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Q54: A convertible bond pays interest annually at
Q55: Straight fixed-rate bond issues have
A)a designated maturity
Q56: The floor value of a convertible bond
A)is
Q57: Floating-rate notes (FRN)
A)experience very volatile price changes
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Q59: A five-year floating-rate note has coupons referenced
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