CFA Level I sample question

CFA Level I 2. Fixed-Income Cash Flows and Types question

Fixed Income / 2. Fixed-Income Cash Flows and Types

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2. Fixed-Income Cash Flows and Types sample question

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Fixed Income

2. Fixed-Income Cash Flows and Types

A floating-rate note pays three-month MRR + 80 bps, subject to a cap of 6.00% and a floor of 2.00%. If MRR is 5.50% on the reset date, the annualized coupon rate for the next period is closest to:

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