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Basic Question 1 of 4
A capped floater protects the ______ against ______ interest rates.
B. investor; falling
C. issuer; falling
A. issuer; rising
B. investor; falling
C. issuer; falling
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I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes
Learning Outcome Statements
calculate the value of a capped or floored floating-rate bond;
CFA® 2025 Level II Curriculum, Volume 4, Module 28.