Question: 21. A two-year floating-rate note pays 6-month Libor plus 80 bps. The floater is priced at 97 per 100 of par value. Current 6-month Libor

21. A two-year floating-rate note pays 6-month Libor plus 80 bps.

21. A two-year floating-rate note pays 6-month Libor plus 80 bps. The floater is priced at 97 per 100 of par value. Current 6-month Libor is 1.00%. Assume a 30/360 day-count convention and evenly spaced periods. The discount margin for the floater in basis points is closest to: A. 180 bps. B.236 bps. C. 420 bps

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