Which of the following statement/s is/are correct of floating Rate Notes?
1. These are debt instruments on which variable interest rate is payable.
2. The rate of interest is linked to a benchmark rate of interest and changes with the change in such bench mark rate of interest.
Which of the following statement/s is/are correct of floating Rate Notes?
1. These are debt instruments on which variable interest rate is payable.
2. The rate of interest is linked to a benchmark rate of interest and changes with the change in such bench mark rate of interest. Correct Answer 1 and 2 is correct
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Feb 20, 2025