Series 52: Floating-rate Securities

Taken from our MSRB Municipal Securities Representative Qualification Examination

Definition of the term Floating-rate Securities...

(a.k.a., floaters) securities with interest payments that reset periodically. The interest rates for these securities are tied to an index, such as LIBOR, and a designated spread above or below that index.

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Solomon Exam Prep Study Materials for the Series 52
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