Which of the Following Is NOT a Feature of Euro

question 43

Multiple Choice

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

• A) The coupon rates are usually reset every 6 months.
• B) FRNs are bearer securities.
• C) Many have a call option that gives the investor the right to sell the bond back to the issuer prior to maturity.
• D) An FRN issue is usually about USD 100 million.

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Responsibility and Challenges

Duties or tasks that require effort and provide an opportunity to overcome difficulties or obstacles.

Budget Surplus

A financial situation where revenue exceeds expenditures within a specific period, leaving excess funds available for savings or other uses.

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