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ABHINAV GARG

· started a discussion

· 1 Months ago

wrong answer (Question:631113.0)

its answer must be d according to ur explanation too

Question:

Which of the following best defines a floating-rate bond?

Options:
A)

A bond with a fixed interest rate and has better yield than varying interest rate bond

B)

A bond with a fixed interest rate and has lower yield than varying interest rate bond

C)

A bond with a varying interest rate and has better yield than fixed interest rate bond

D)

A bond with a varying interest rate and has lower yield than fixed interest rate bond

E)

None of these

Solution:

Floating rate bonds have variable interest rate and protect investors against a rise in interest rates (which have an inverse relationship with bond prices). They also carry lower yields than fixed notes of the same maturity.

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