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Basic Question 5 of 9
A floater resets its interest rate quarterly at three-month LIBOR plus 0.5%. It is being sold at a discount to par value. Its required margin is most likely ______ 0.5%.
B. equal to
C. lower than
A. higher than
B. equal to
C. lower than
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I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes
Learning Outcome Statements
calculate and interpret yield spread measures for floating-rate instruments
CFA® 2025 Level I Curriculum, Volume 4, Module 8.