In General a "Floating Rate" on a Debt Issue Refers

question 38

Multiple Choice

In general a "floating rate" on a debt issue refers to:
I.Variable payment times for the interest payments
II.Variable interest payments
III.Yield on the debt equals the average dividend yield on the Toronto Stock Exchange

• A)I and II
• B)II
• C)II and III
• D)I and III

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Definitions:

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