A floating-rate note and an extendable reset bond both have coupon rates readjusted periodically. Therefore, they are

Question:

“A floating-rate note and an extendable reset bond both have rates readjusted periodically. Therefore, they are basically the same instrument.” Do you agree with this statement? Coupon
A coupon or coupon payment is the annual interest rate paid on a bond, expressed as a percentage of the face value and paid from issue date until maturity. Coupons are usually referred to in terms of the coupon rate (the sum of coupons paid in a...