Consider the following floater: Maturity= 6 years Coupon rate = reference rate plus 80 basis point resets
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Consider the following floater:
Maturity= 6 years Coupon rate = reference rate plus 80 basis point resets every six months Maturity value = \($100\) Market price = \($99.1381\) Reference rate = 10%
Using an Excel spreadsheet, calculate the discount margin.
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Related Book For
Introduction To Fixed Income Analytics
ISBN: 9780470572139
2nd Edition
Authors: Steven V. Mann, Frank J. Fabozzi
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