Question
Calculate the yield spread of the floater when the maturity of the bond is 3 years and its coupon rate is reference rate + 100
Calculate the yield spread of the floater when the maturity of the bond is 3 years and its coupon rate is reference rate + 100 basis points where the initial reference rate is 9%.
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Principles Of Managerial Finance
Authors: Lawrence J. Gitman, Chad J. Zutter
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