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A 10-year bond is issued on January 1, 2010. Its contract requires that its coupon rat
A 10-year bond is issued on January 1, 2010. Its contract requires that its coupon rate change over time as shown in the following table:
This security is best described as an example of a:
A. step-up note.
B. inverse floater.
C. deferred coupon bond.
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