What the discount margin for the floater in basis points is

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Problem 1: A three-year floating-rate note pays a 6-month Libor plus 100 bps. The floater is priced at 98 per 100 of par value. The current 6-month Libor is 0.5%. Assume a constant 6-month Libor and evenly spaced periods. The discount margin for the floater in basis points is closest to

Reference no: EM132999950

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