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A floating rate bond and an inverse floating rate bond are backed by $100 million portfolio of bonds. The coupon rate on the inverse floater

A floating rate bond and an inverse floating rate bond are backed by $100 million portfolio of bonds. The coupon rate on the inverse floater equals: 12% - 3r, where r is the reference floating rate. The par value (in millions of dollars) of the inverse floating tranche equals:

100

25

50

75

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