Question: Create a floating and an inverse floating tranches secured by$100 million in par bonds with a coupon rate of 5.0% paid annuallyfor five years. The

Create a floating and an inverse floating tranches secured by$100 million in par bonds with a coupon rate of 5.0% paid annuallyfor five years. The market rate on a floater is the one year T-billrat 1 answer

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