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A two - year floating - rate note pays 6 - month Libor plus 1 0 0 basis points. The floater is priced at 9
A twoyear floatingrate note pays month Libor plus basis points. The floater is priced at per of par value. Current month Libor is Assume a daycount convention and evenly spaced periods. The discount margin for the floater in basis points bps is closest to:
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