If interest rates are expected to increase, the coupon payment structure most likely to benefit the issuer
Question:
If interest rates are expected to increase, the coupon payment structure most likely to benefit the issuer is a:
A. Step-up coupon.
B. Inflation-linked coupon.
C. Cap in a floating-rate note.
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The correct answer is C Cap in a floatingrate note A cap in a floatingrate note FRN is a feature ...View the full answer
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