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Regarding to floating-rate bonds, which of the following statements is the most accurate? A ceiling is an advantage to the issuer, while a floor is

Regarding to floating-rate bonds, which of the following statements is the most accurate?

A ceiling is an advantage to the issuer, while a floor is an advantage to the bondholder.
A ceiling is an advantage to the bondholder, while a floor is an advantage to the issuer.
A ceiling is a disadvantage to both the issuer and the bondholder, while a floor is an advantage to both the issuer and the bondholder.

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