Question: A company has issued a floating-rate note with a coupon rate equal to the three-month Libor 90 basis points. Interest payments are made quarterly on

A company has issued a floating-rate note with a coupon rate equal to the three-month Libor 90 basis points. Interest payments are made quarterly on 31 March, 30 June, 30 September, and 31 December. On 31 March, the three month Libor is 2.25%. The coupon rate for the interest payment between 31 March and 30 June is: None is correct O 3.22% O 3.45% 3.15%

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