What is the price of a five-year floating-rate note that has coupons at the rate of Libor
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What is the price of a five-year floating-rate note that has coupons at the rate of Libor + 100 bps when the current yield curve is flat at 6%? Assume that the conventions in the market are 30/360 for coupons and discounting instead of the usual Actual/360.
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