. A firm in USA has just issued five-year floating-rate notes (FRN) indexed to six-month...
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. A firm in USA has just issued five-year floating-rate notes (FRN) indexed to six-month U.S. dollar LIBOR plus 1.5%. What is the amount of the first coupon payment the firm will pay per U.S. $1,000 of face value, if six-month LIBOR is currently 3.5% (annual rate). (Assume semi-annual interest payments)
A) US$ 60.00 B) US$ 30.00 C) US$ 50.00 D) US$ 25.00 E) None of the given ones
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