Q: Hi To All at 5-i:
On Oct 30 CEC asked a question about the above. Would you be kind enough to explain his question, more specifically the figures. 0.9025( 6.95 ) Negative spread. please explain. I think he means 80% of 5 yr rate is equal to or less than 100% of what? at least
.29% ----? Then please explain the reset figures for the next 5 years. What is the rate today? I am thinking of adding some preferreds and am reviewing all questions carefully.
Thanks,
BEN.
On Oct 30 CEC asked a question about the above. Would you be kind enough to explain his question, more specifically the figures. 0.9025( 6.95 ) Negative spread. please explain. I think he means 80% of 5 yr rate is equal to or less than 100% of what? at least
.29% ----? Then please explain the reset figures for the next 5 years. What is the rate today? I am thinking of adding some preferreds and am reviewing all questions carefully.
Thanks,
BEN.