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Let's put it into an example. Imagine you invest in an FRNID with a $100,000 face value, a three-year term, and a rate of SOFR + 1.00%. If SOFR is at 5.00%, the FRNID will initially pay 6.00% interest. After three months, if SOFR rises to 5.25%, the FRNID rate adjusts to 6.25%. Over three years, you'll receive interest payments based on the quarterly-adjusted rate. If you need the money after one year, you can sell the FRNID on the secondary market. If interest rates have risen, the FRNID may sell for a premium. If they've fallen, it might sell for a discount. At maturity, you get your $100,000 back. That's the power of FRNIDs in action!
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Another iconic feud during his time as champion was his rivalry with The Undertaker. These matches were epic clashes of styles and personalities, with Punk's agility and technical prowess going up against Undertaker's power and mystique. Their matches were not just about winning or losing; they were about the story, the characters, and the spectacle. Their match at WrestleMania 29 was a highlight, with Punk challenging Undertaker's legendary undefeated streak. Although Punk ultimately lost, the match was a testament to his status as a main event player. This match further cemented Punk's legacy as one of the best.