https://gdpark.blog/tags/floating-rate-notes/Recent content in Floating-Rate-Notes on gdpark.blogHugoenSun, 29 Dec 2024 00:00:00 +0000https://gdpark.blog/posts/cfa-l2-18-capped-and-floored-floaters/Sun, 29 Dec 2024 00:00:00 +0000https://gdpark.blog/posts/cfa-l2-18-capped-and-floored-floaters/Capped floaters put a ceiling on the coupon (great for the issuer), floored floaters set a minimum (great for you), and you value both by tweaking a binomial tree and working backward.