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Stepped spread floaters have a provision to change the quoted margin at certain intervals over a floater's life. The quoted margin could either step to a higher level or a lower level. An example of such kind of floater is a 5-year floating-rate note, where the coupon rate is 6-month MIBOR + 1% for the first 2 years, and for the remaining 3 years the coupon rate is calculated based on the 3-month MIBOR + 3%.
what is the relevance of virements to public sector accounting
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define matching principle of working capital financing
Why is the replacement value of assets method not generally used to value complete businesses? The replacement value of assets method isn't often applied to entire business val
Part 1: Contingency plan Create contingency plans for the following scenarios: > One of your highly qualified consultants has given three months notice and is planning to move to a
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