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Can you write it down on paper instead of doing it in excel? Consider the US floating-rate bond whose coupon rate is set equal to
Can you write it down on paper instead of doing it in excel?
Consider the US floating-rate bond whose coupon rate is set equal to the 6-month US$ Libor rate yL6 at the beginning of every coupon period (reset date) and whose maturity value is 100. Calculate its price one coupon period before maturity, two coupon periods before maturity, n coupon periods before maturity (n is an integer).
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