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Question 13 (3 points) Suppose the floating -rate bonds have a quoted margin of 220 basis points. 1-month LIBOR(reference rate) on a coupon reset date

Question 13 (3 points) Suppose the floating -rate bonds have a quoted margin of 220 basis points. 1-month LIBOR(reference rate) on a coupon reset date is 5%. What will be the coupon rate for the period? 7.2% 2.2% 5% 12.2%

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