Question: Corporation AA has issued a 5-year floating rate note is paying a quarterly dividend of Libor plus 125 basis points. Credit analysis indicates that issuers

Corporation AA has issued a 5-year floating rate note is paying a quarterly dividend of Libor plus 125 basis points. Credit analysis indicates that issuers of notes with similar credit standing to AA are being are trading at Libor plus 55 basis points. How would you describe AAs note.

Premium note

Discount note

Par note

Short note

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