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Q: Which of the following best defines a floating-rate bond?

  • 1
    A bond with a fixed interest rate and has better yield than varying interest rate bond
  • 2
    A bond with a fixed interest rate and has lower yield than varying interest rate bond
  • 3
    A bond with a varying interest rate and has better yield than fixed interest rate bond
  • 4
    A bond with a varying interest rate and has lower yield than fixed interest rate bond
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Answer : 2. "A bond with a fixed interest rate and has lower yield than varying interest rate bond"

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