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Capped Floored FRN – Fincyclopedia
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Stepped Capped FRN

A type of capped floored FRN in which the capped coupon varies over the life of the note/ bond. An…

    Capped Floored FRN

    A floored FRN which is also capped: the coupon of the floating-rate note (FRN)cannot increase beyond the cap rate. In...