An analyst evaluates the following information relating to floating-rate notes (FRNs) issued at par value that have
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An analyst evaluates the following information relating to floating-rate notes (FRNs) issued at par value that have three-month MRR as a reference rate:
Based only on the information provided, the FRN that will be priced at a premium on the next reset date is:
A. FRN X.
B. FRN Y.
C. FRN Z.
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