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Start learning 50% faster. Sign in nowFloating Rate Bonds (FRBs) are bonds that have a variable coupon, equal to a money market reference rate (like MIBOR or LIBOR) plus a quoted spread (i.e., quoted margin). · Floating rate bonds allow the investor to earn a rate of interest income tied to current interest rates. As such, FRBs carry little interest rate risk. · Its price shows very low sensitivity to changes in market interest rates. When market rates rise, the expected coupons of the FRB increase in line with the increase in forward rates, which means its price remains constant. Thus, FRBs differ from fixed rate bonds, whose prices decline when market rates rise. · As FRBs are very less sensitive to interest rate risk, they are considered conservative investments for investors who believe market rates will increase.
A six-digit number 23p7q6 is divisible by 24. Then the greatest possible value for (p + q) is:
What is the value of (2² + 3²) × (4³ + 5³) ÷ (6⁴)?
If the 6-digit number 589y72 is completely divisible by 8, then the smallest integer in place of y will be:
Find the smallest number that, when divided by 6, 8, and 12, leaves a remainder of 5 in each case.
A number when divided by 45 leaves a remainder 21. What will be the remainder when the square of the same number is divided by 45?
Find the largest number that divides 400, 500, and 600, leaving remainders 10, 20, and 30 respectively.
If '410x8' represents a five-digit number that is divisible by 7, determine the sum of all possible values of 'x'.
When a number is divided by 119, the remainder remains 15. When the same number is divided by 17, what will be the remainder?
If ‘48b297a54’ is a nine digit number which is divisible by ‘11’, then find the smallest value of (a + b).
What is the minimum value of X for which 437X6 is divisible by 9?
