On each reset date, interest will be received if the prevailing reference rate rises above the _________.
Question:
On each reset date, interest will be received if the prevailing reference rate rises above the _________.
a) Reference level
b) Floor level
c) Cap level
d) None of the above
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Related Book For
Accounting For Investments Fixed Income Securities And Interest Rate Derivatives Volume 2
ISBN: 9780470825914
1st Edition
Authors: R. Venkata Subramani
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