What is the amount of the first coupon payment your firm pay

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Question - Your firm has just issued five-year floating-rate notes indexed to six-month U.S. dollar LIBOR plus 1/8%. 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 6.6%?

Reference no: EM133137588

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