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Suppose that coupon reset formula for a floating-rate bond is: 1-month LIBOR + 220 basis points. Suppose that on a coupon reset date, the 1-month

Suppose that coupon reset formula for a floating-rate bond is: 1-month LIBOR + 220 basis points. Suppose that on a coupon reset date, the 1-month LIBOR is 2.6%, what will the coupon rate be for the period? 0 2.6% O Cannot be determined 0 2.2% 4.8%

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