Examlex
Perform the indicated operation. Where possible, reduce the answer to its lowest terms.
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Floating-Rate Bond
A bond whose interest payments fluctuate with the market interest rates, rather than being fixed.
Coupon Payment
The annual interest payment made to bondholders, typically expressed as a percentage of the face value.
Interest Rate Index
A benchmark interest rate that serves as a reference point for determining interest rates on various financial instruments or loans.
Coupon Rate
The yearly interest rate that a bond yields, represented as a percentage of its nominal value.
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