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Estimate the yield of a floating-rate note that is priced at 98 per $100 par and is projected to pay a quarterly coupon of 0.50%,
Estimate the yield of a floating-rate note that is priced at 98 per $100 par and is projected to pay a quarterly coupon of 0.50%, 0.55%, 0.60% and 0.70% and full pricipal at maturity. Remember, interest rates are quoted on an annual basis regardless if paid quarterly(i.e, the first coupin is $ .125 and the last payment also includes repayment of principal plus quarterly interest).
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