Floating-Rate Notes (FRN)

question 83

Multiple Choice

Floating-rate notes (FRN)

• A)experience very volatile price changes between reset dates.
• B)are typically medium-term bonds with coupon payments indexed to some reference rate (e.g.,LIBOR).
• C)appeal to investors with strong need to preserve the principal value of the investment should they need to liquidate prior to the maturity of the bonds.
• D)are typically medium-term bonds with coupon payments indexed to some reference rate (e.g.,LIBOR),and appeal to investors with strong need to preserve the principal value of the investment should they need to liquidate prior to the maturity of the bonds.

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