Question: What is an inverse floater? a . A bond whose coupon rate decreases when the reference rate decreases. b . A bond whose coupon rate

What is an inverse floater?
a.
A bond whose coupon rate decreases when the reference rate decreases.
b.
A bond whose coupon rate increases when the reference rate decreases.
c.
A bond that loses price value when the reference rate rises.
d.
A bond that gains price value when the reference rate declines.

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