Question
You own a $113,680 par, floating-rate bond indexed to 3M Libor. If 3ML is 4.4% and the coupon spread (QM) is 1.2% then what is
You own a $113,680 par, floating-rate bond indexed to 3M Libor. If 3ML is 4.4% and the coupon spread (QM) is 1.2% then what is the first period's coupon payment if the bond pays its coupon 4 times per year?
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M: Finance
Authors: Marcia Cornett, Troy Adair, John Nofsinger
5th Edition
1260772357, 9781260772357
