Question: If a firm has noncurrent liabilities with floating (variable) interest rates, what will happen to a valuation of the firms liabilities when the market rate

If a firm has noncurrent liabilities with floating (variable) interest rates, what will happen to a valuation of the firm’s liabilities when the market rate of interest increases? Decreases? Why is there more consistency in this case than in the case of fixed interest rates?P-698

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