An analyst is doing research about a floating-rate security and its price change. All else being equal, under what condition, the price of a floating-rate security is most likely to react in the same way to changes in market interest rates as a fixed-rate coupon bond()
A. Market rates increase between coupon reset dates.
B. Market rates are substantially below the floating rate security's cap rate.
C. Market rates are substantially above the floating rate security's cap rate.