Question
What is the discount margin( in basis points), for the following floating rate bond? Maturity $100 year 6 selling price $ 99.10 Spread (70 BPS)
What is the discount margin( in basis points), for the following floating rate bond?
Maturity $100
year 6
selling price $99.10
Spread (70 BPS) 0.70%
reference rate 8%
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Investment Analysis and Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown, Sanford J. Leeds
11th Edition
1305262999, 1305262997, 035726164X, 978-1305262997
