Interpret what is meant when a lender quotes the terms on a loan as floating with the

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Interpret what is meant when a lender quotes the terms on a loan as “floating with the T-bill plus 2 with caps of 2 and 6.”

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Financial Markets And Institutions

ISBN: 978-0132136839

7th Edition

Authors: Frederic S. Mishkin, Stanley G. Eakins

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Question Posted: Nov 12, 2012 01:12 AM

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Interpret what is meant when a lender quotes the terms on a loan as floating with the

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Financial Markets And Institutions

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