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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.
a) Stockpiles refers to the accumulated (or excess level of) supply Ford motor vehicles, i.e. too much production given the level of demand. The purpose is to prevent possible shor
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