Reply To: Fixed Income – Valuation of FRN

September 6, 2024 at 6:43 am #8419

Madhu Chandarasekaran, CFA

Keymaster

It will be the same answer.

TVM: N= 10, FV = 100,000 PMT = 2100, I/Y = 2.5, PV =?

PV = 98,670.