Which of the Following Is NOT a Feature of Euro

question 58

Multiple Choice

Which of the following is NOT a feature of euro floating rate notes (FRNs) ?

• A) Typically, FRNs issues are at least USD100 million.
• B) FRNs are a bearer bond issue in the euromarkets.
• C) A FRN call option gives the issuer the right to redeem the bonds before maturity.
• D) As the coupon is adjusted frequently over its lifetime, the price of the FRN is quite volatile.

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