Question: (a) What is the reference rate? (b) What is the quoted margin? (c) Suppose that on a coupon reset date that 1-month LIBOR is 2.8%.

(a) What is the reference rate?
(b) What is the quoted margin?
(c) Suppose that on a reset date that 1-month LIBOR is 2.8%. What will the rate be for the period?

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