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2. Consider a 15-year semiannual floating rate bond with coupon rate determined with the following formula: Coupon rate = reference rate + 65bps Whats the

2. Consider a 15-year semiannual floating rate bond with coupon rate determined with the following formula:

Coupon rate = reference rate + 65bps

Whats the discount margin of the bond if the bond price is 99.5730 and current reference rate is 9%?

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