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Which of the following best describes the difference between the quoted margin and the discount margin for a floating-rate note (FRN)?A. The quoted margin is a variable spread over the reference benchmark rate, while the discount margin is a fixed spread over the benchmark rate.B. The quoted margin reflects the bond's actual market price, while the discount margin reflects the bond's face value.C. The quoted margin is the difference between the bond's coupon rate and its yield-to-maturity, while the discount margin is the difference between the bond's price and its par value.D. The quoted margin is the spread over the reference benchmark rate specified at issuance, while the discount margin is the spread over the benchmark rate that equates the present value of the bond's future cash flows to its current market price.
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