[Solved] Suppose that a four-year FRN pays 180-day

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Suppose that a four-year FRN pays 180-day Libor plus 2% on a semi-annual basis. Currently, 180-day Libor is 3%. The price of the floater is

Suppose that a four-year FRN pays 180-day Libor plus 2% on a semi-annual basis. Currently, 180-day Libor is 3%. The price of the floater is 95 per 100 of par value. What is discount margin?

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