Question: An important difference between a floating-rate note and a fixed-rate note indexed to Libor is that A. The price of the floating-rate note resets to

An important difference between a floating-rate note and a fixed-rate note indexed to Libor is that A. The price of the floating-rate note resets to par on each coupon/reset rate, whereas that of the fixed-rate note does not necessarily do so. B. A fixed-rate note is always worth par at issue whereas the floating-rate note may not be. C. The price of the fixed-rate note is deterministic and known because the bond pays fixed coupons

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