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Suppose that a five-year FRN pays three-month Libor plus 1.30% on a quarterly basis. Currently, three-month Libor is 1.0%. The discount margin (DM) of the

Suppose that a five-year FRN pays three-month Libor plus 1.30% on a quarterly basis. Currently, three-month Libor is 1.0%. The discount margin (DM) of the floater is 165 basis points (1.65%). Calculate the Price of the Bond per $100 par

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