ACI
3I0-013 · Question #196
Which one of the following bonds uses variable rates?
The correct answer is D. Mini-Max (collared) FRN. See the full explanation below for the reasoning.
Question
Which one of the following bonds uses variable rates?
Options
- ABond warrants
- BReverse convertibles
- CZero coupons
- DMini-Max (collared) FRN
How the community answered
(58 responses)- A12% (7)
- B5% (3)
- C2% (1)
- D81% (47)
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