Floating-Rate Bonds Generally Have

question 77

Multiple Choice

Floating-rate bonds generally have

• A)an unlimited variable rate of interest.
• B)a fixed coupon rate and a variable principal balance.
• C)both a call and a put provision.
• D)both a put provision and a collar.
• E)a collar only on the bond's principal.

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Public Choice Theory

An economic theory that studies how public decisions are made, emphasizing the roles of incentives, behavior, and institutions.

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