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Basic Question 2 of 4
The value of a straight bond is estimated to be $102. If an interest cap is added to the bond, and its value is estimated to be $3 by itself, the value of the capped floater is then:
B. $102
C. $105
A. $99
B. $102
C. $105
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Learning Outcome Statements
calculate the value of a capped or floored floating-rate bond;
CFA® 2025 Level II Curriculum, Volume 4, Module 28.