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A two-year floating-rate note pays a 3-month Libor plus 80 bps. The floater is priced at 98 per 100 of par value. The current 3-month

A two-year floating-rate note pays a 3-month Libor plus 80 bps. The floater is priced at 98 per 100 of par value. The current 3-month Libor is 0.6%. Assume a constant 3-month Libor and evenly spaced periods. The discount margin for the floater in basis points is ?

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