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36) An analyst is considering a bond for purchase. The bond has a coupon that resets semiannually and is determined by the following formula: Coupon

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36) An analyst is considering a bond for purchase. The bond has a coupon that resets semiannually and is determined by the following formula: Coupon = 12% - (3.0 x 6-month Treasury bill rate) This bond is most accurately described as a(n): (Select 1/1pts) O Step-up note O Fixed coupon bond O Inverse floater

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