I was talking to someone today, and he told me that there is a LIBOR and a Fixed LIBOR, and you have to add a margin to each. I'm kinda a newbie, and I don't quite understand the difference between the two. Can someone please kindly explain?
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A Fixed LIBOR? That's an oxymoron. Could be that their offering debt at LIBOR + x% with a fixed LIBOR minimum or "floor" because rates are so low.
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