Question: A one - year floating - rate note pays 6 - month Libor plus 1 1 9 b p s . The floater is priced

A one-year floating-rate note pays 6-month Libor plus 119bps. The floater is priced at
96.93 per 100 of par value. Current 6-month Libor is 1.78%. Assume a 30360 day-count
convention and evenly spaced periods. What is the annual discount margin for the floater in basis points?
A one-year floating-rate note pays 6-month Libor plus 119bps. The floater

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