Uma
asked almost 3 years ago
0
0
Answer Now
Comment
Report
1 Answers
Important Note – Preparing for CA Final?
CAKART provides Indias top faculty each subject video classes and lectures – online & in Pen Drive/ DVD – at very cost effective rates. Get video classes from CAKART.in. Quality is much better than local tuition, so results are much better.
Watch Sample Video Now by clicking on the link(s) below –
For any questions Request A Call Back
lochan
answered almost 3 years ago
LEVEL PAY FLOATING RATE NOTES Level Pay Floating rate notes are bonds that have a variable coupon, equal to a money market reference rate, like LIBOR or federal funds rate, plus a quoted spread . The spread is a rate that remains constant. Almost all FRNs have quarterly coupons, i.e. they pay out interest every three months. Thanks
