Why do you think a debt instrument whose interest rate is changed periodically based on some market
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Why do you think a debt instrument whose interest rate is changed periodically based on some market interest rate would be more suitable for a depository institution than a long-term debt instrument with a fixed interest rate?
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Here are some reasons why a floatingrate debt instrument FRN might be more suitable for a depository institution like a bank compared to a fixedrate d...View the full answer
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Related Book For
Foundations Of Financial Markets And Institutions
ISBN: 9780136135319
4th Edition
Authors: Frank J Fabozzi, Franco G Modigliani, Frank J Jones
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