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DMT Corp. issued a five-year floating-rate note (FRN) that pays a quarterly coupon of three-month market reference rate (MRR) plus 125 bps. The FRN is priced at 96 per 100 of par value. Assuming a 30/360-day count convention, evenly spaced periods, and constant three-month market reference rate (MRR) of 5%, the discount margin for the FRN is closest to:A.180 bps.B.221 bps.C.400 bps.

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