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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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Learning Outcome Statements
calculate the value of a capped or floored floating-rate bond;
CFA® 2024 Level II Curriculum, Volume 4, Module 30.