MCQOPTIONS
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| 1. |
Which of the following best defines a floating-rate bond? |
| A. | A bond with a fixed interest rate and has better yield than varying interest rate bond |
| B. | A bond with a fixed interest rate and has lower yield than varying interest rate bond |
| C. | A bond with a varying interest rate and has better yield than fixed interest rate bond |
| D. | A bond with a varying interest rate and has lower yield than fixed interest rate bond |
| Answer» C. A bond with a varying interest rate and has better yield than fixed interest rate bond | |