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Suppose that the coupon rate of a floating-rate security resets every six months at a spread of 60 basis points over the reference rate. If

Suppose that the coupon rate of a floating-rate security resets every six months at a spread of 60 basis points over the reference rate. If the bond is trading at above par value (i.e. premium), the discount margin is ______ 60 basis points: Group of answer choices A. greater than B. equal to C. less than D. always

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