Floating-Rate Notes (FRN)

question 51

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)both b and c

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Definitions:

Whole Brain Death

Refers to the irreversible loss of functioning in the entire brain that may occur prior to clinical death.

Motor Reflexes

Involuntary movements or actions of the muscles in response to stimuli, fundamental for survival.

EEG

Electroencephalogram, a test that measures electrical activity in the brain to help diagnose neurological conditions.

Cerebrovascular Accident

A sudden impairment of brain function, typically due to a blockage or rupture of blood vessels in the brain, commonly known as a stroke.