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Jaysguy Jaysguy
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3 years ago
A recent coupon bond issued by Ucantaffordit Financing Inc. has a face value of $1,000, matures in five years and pays semi-annual coupons at LIBOR plus 100 basis points. This is an example of a(n) ________ bond.

▸ adjustable

▸ floating rate

▸ flexible

▸ interest-only
Textbook 
Corporate Finance Online

Corporate Finance Online


Edition: 2nd
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RoselaloRoselalo
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3 years ago
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