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Your Firm Has Just Issued Five-Year Floating-Rate Notes Indexed to Six-Month

Question 32

Multiple Choice

Your firm has just issued five-year floating-rate notes indexed to six-month U.S.dollar LIBOR plus 1/4 percent.What is the amount of the first coupon payment your firm will pay per U.S.$1,000 of face value,if six-month LIBOR is currently 7.2 percent?


A) $36.00
B) $37.25
C) $74.50
D) none of the options

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