A range floater is a security with which of the following characteristics
A)the payments range from a given maximum to a given minimum
B)the maturity is limited to a fixed range
C)its payments are based on whether the rate stays within a range
D)all of the above
E)none of the above

Question

Quizplus · Accepted Answer

A range floater's payments are based on whether the rate stays within a predetermined range, not on the maximum or minimum payments, or the maturity date.

A Range Floater Is a Security with Which of the Following