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in this video well look at an example on calculating the price of a floating rate note or we call it FRN in this example we have a five-year floating rate note that pays three month LIBOR plus two point one five percent calculate the price of the floater if the discount margin is two point five percent assume that three-month LIBOR is constant at zero point eight percent and use the 30 over 360 day count convention and evenly spaced periods and well assume that par value is equals to 100 so because we assume that the LIBOR is constant or the LIBOR is flat at 0.8 percent we can calculate the price of the floater in the same way that we calculate the price of a fixed rate bond well need to know the period the N okay in your calculator well need to know the I Y we will need to know the PMT which is the coupon and also the face value or the principle of the bond now this is a five-year note that pays totally okay page three month LIBOR which means it pays four times a year so the numbe