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Question 18 A 3-year floating-rate bond with a coupon of LIBOR has a floor of...

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Question 18 A 3-year floating-rate bond with a coupon of LIBOR has a floor of 3.7%. What is the price of the bond? Use the following LIBOR interest rates. 10 = 2.5%, 11.H = 4.4%, 11,2 = 2.6%, 12.HH = 7.1%, 12HL = 4.3%, 12.1L = 2.7%. Give the interim values to get partial credit. 12pt Paragraph Av er Tv Ev Tev Question 18 A 3-year floating-rate bond with a coupon of LIBOR has a floor of 3.7%. What is the price of the bond? Use the following LIBOR interest rates. 10 = 2.5%, 11.H = 4.4%, 11,2 = 2.6%, 12.HH = 7.1%, 12HL = 4.3%, 12.1L = 2.7%. Give the interim values to get partial credit. 12pt Paragraph Av er Tv Ev Tev

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