Question: A five - year floating - rate note has coupons indexed to six - month SOFR, and pays coupon interest semiannually. Assume that the current

A five-year floating-rate note has coupons indexed to six-month SOFR, and pays coupon interest semiannually. Assume that the current six-month SOFR is 6 percent. If the risk premium above SOFR is 18 percent, the next period's coupon rate on a $1,000 face value note will be
$30,000
$29.375
$30.625
none of the options
 A five-year floating-rate note has coupons indexed to six-month SOFR, and

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