Question: A company has issued a floating-rate note with a coupon rate equal to the three-month LIBOR +65 basis points. Interest payments are made quarterly on

A company has issued a floating-rate note with a coupon rate

A company has issued a floating-rate note with a coupon rate equal to the three-month LIBOR +65 basis points. Interest payments are made quarterly on March 31, June 30, September 30, and December 31. On March 31, and June 30, the three-month LIBOR is 1.55% and 1.35%, respectively. The coupon rate for interest payment made on June 30 is: A. 2.20% B. 2.00% O C. 2.10% OD. none of the answers listed here

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