38. JP Morgan Chase issued a new 15-year Certificate of Deposit on June 24, 2020. The CD pays interest semi-annually beginning on December 24, 2020 at the rates shown in the table below. There is a floor of 0%. After June 24, 2021, the CD could best be classified as:

Year 1 Years 2-5 Years 6-10 Years 11-15

4.00% 4.50% 6 month Libor 5.50% 6 month Libor 6.00% 6 month Libor

1. A Floating Rate CD
2. An Inverse Floater
3. A Reset CD
4. A PIK CD
5. A Note Linked CD