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What is the implicit premise in the following argument? Head lice inspections are tomorrow, so I can't go to school.
Floating-rate Debt
A form of debt where the interest rate varies over time based on a benchmark interest rate or index.
Market Rate
The current interest rate or cost of borrowing in the market, applicable to loans, deposits, and securities.
Bond Interest Expense
The cost incurred by an issuer of bonds due to interest payments made to bondholders, typically recognized as an expense in the income statement.
Effective Yield
A measure of the actual rate of return earned on a bond or fixed-income investment, taking into account the effect of compounding interest.
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