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Example Suppose that the coupon reset formula for a 6- year floating rate security selling for $99.3098 is 6-month LIBOR plus 80 basis points. The

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Example Suppose that the coupon reset formula for a 6- year floating rate security selling for $99.3098 is 6-month LIBOR plus 80 basis points. The coupon rate is reset every 6 months. Assume that the current value for the reference rate is 10%. Required Calculate the discount margin ENG 21:45 o

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