问题如下：
A structured financial instrument whose coupon rate is determined by the formula 5% – (0.5 × Libor) is most likely:
选项：
A.a leveraged inverse floater.
a participation instrument.
a deleveraged inverse floater.
解释：
C is correct. A structured financial instrument whose coupon rate moves in the opposite direction of the reference rate is called an inverse floater. Because the coupon leverage (0.5) is greater than zero but lower than one, the structured financial instrument is a deleveraged inverse floater. In this example, if the reference rate increases by 100 bps, the coupon rate decreases by 50 bps. A is incorrect because the coupon leverage would have to be higher than one for the structured financial instrument to be a leveraged inverse floater. B is incorrect because a participation instrument is designed to give investors indirect exposure to a particular underlying asset.
请问哪里看出来0小于L小于1？
