Consider the following statements about the Floating Rate Bonds:
1. Coupon rate is not fixed
2. The Coupon rate is reset with reference to a benchmark rate
3. Sold at a discount from the face value
Which among the above statements is/ are correct?
[A] Only 1
[B] 1 & 2
[C] 2 & 3
[D] 1, 2 & 3

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