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Define Floating Rate Notes
Floating-rate notes (FRNs) are commonly medium-term bonds along with their coupon payments indexed to some reference rate. Common reference rates are either 3-month or 6-month U.S. dollar LIBOR. Coupon payments on FRNs are generally quarterly or semi-annual, and in a accord along with the reference rate.
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These were first issued during a period of extreme interest rate volatility in the late 1970s. Floating-rate bonds, which are also known as variable-rate bonds or simpl
Q. Explain Safe Harbour Rule? Safe Harbour Rule - Concept in statutes and regulations whereby a person who meets listed requirements would be preserved from adverse legal actio
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