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Basic Question 4 of 9
A floater resets its interest rate quarterly at three-month LIBOR plus 0.5%. The 0.5% here is the ______.
B. required margin
C. discount margin
A. quoted margin
B. required margin
C. discount margin
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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.

Tamara Schultz
Learning Outcome Statements
calculate and interpret yield spread measures for floating-rate instruments
CFA® 2026 Level I Curriculum, Volume 4, Module 8.