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Question 1 0 A one - year floating - rate note pays 6 - month Libor plus 8 4 b p s . The floater

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A one-year floating-rate note pays 6-month Libor plus 84bps. The floater is priced at 98.5 per 100 of par value. Current 6- month Libor is 1.61%. Assume a 30360 day-count convention and evenly spaced periods. What is the annual discount margin for the floater in basis points?
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