Question: A two - year floating - rate note pays 6 - month Libor plus 1 0 0 basis points. The floater is priced at 9

A two-year floating-rate note pays 6-month Libor plus 100 basis points. The floater is priced at 97 per 100 of par value. Current 6-month Libor is 2.00%. Assume a 30/360 day-count convention and evenly spaced periods. The discount margin for the floater in basis points (bps) is closest to:
192 bps.
259 bps.
321 bps.

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