If the coupon interest rate is 4.375% for the first six months and changes to a rate equal to the 10-year treasury bond rate plus
If the coupon interest rate is 4.375% for the first six months and changes to a rate equal to the 10-year treasury bond rate plus 1.3% thereafter, the bond is called afloating-rate bond. the contract that describes the terms of a borrowing arrangement between a firm that sells a bond issue and the investors who […]

