Question
Given a firm who has issues a 10 year floating rate note (FRN) paying 3M LIBOR + 100 bps with a quarterly reset, if the
Given a firm who has issues a 10 year floating rate note (FRN) paying 3M LIBOR + 100 bps with a quarterly reset, if the firm wishes to cap its interest rate payments at 5%, what are the terms on the interest rate cap it should execute? How many caplet IR options would be contained within the cap structure?
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Financial Management For Nurse Managers And Executives
Authors: Cheryl Jones, Steven A. Finkler, Christine T. Kovner, Jason Mose
5th Edition
0323415164, 9780323415163
