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What is the periodic floating rate coupon payment for $150,000 par bond that pays monthly assuming the following: Quoted Margin: 1.00% Benchmark Rate: 0.50% $195.25
What is the periodic floating rate coupon payment for $150,000 par bond that pays monthly assuming the following:
- Quoted Margin: 1.00%
- Benchmark Rate: 0.50%
$195.25 | ||
$1,025 | ||
$2,250 | ||
$187.50 |
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