Which of the following is the most common expression of a floating interest rate?

Question

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The most common expression of a floating interest rate is usually stated as the sum of the prime rate and a specific number of percentage points. For example, a loan may have an interest rate of “prime + 2%”, where the “prime” is the prevailing prime lending rate and “2%” represents the additional percentage points added to that rate.

Which of the Following Is the Most Common Expression of a Floating