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Suppose that the coupon reset formula for a floating-rate bond is 1-month LIBOR 1 220 basis points a. What is the reference rate? b. What

Suppose that the coupon reset formula for a floating-rate bond is 1-month LIBOR 1 220 basis points a. What is the reference rate? b. What is the quoted margin? c. Suppose on a coupon reset date that 1-month LIBOR is 2.8%.What will the coupon rate be for the period?

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