NO.PZ202305230100000103
问题如下：
Antelas AG’s issuer-specific credit spread rises by 25 bps p.a. one year after the FRN issuance. Which of the following best describes how Antelas AG’s FRN coupon would change as a result?
选项：
A.
Antelas AG’s FRN coupon payment to investors will immediately increase by 25 bps p.a.
B.
Antelas AG’s FRN coupon payment to investors will increase by 25 bps p.a. but will not become effective until the next full debt coupon period begins.
C.
Antelas AG’s FRN coupon will remain unchanged.
解释：
C is correct. For the Antelas AG FRN, the spread is fixed at 250 bps and the coupon will only change with changes in the MRR.
如题，如果是yield上浮，那下一期开始价格变化。但原题问的是coupon，coupon rate未变，所以coupon不变。
请问以上思路正确吗？
