Question: A five-year floating-rate note has coupons referenced to six-month U.S. dollar SOFR, and pays coupon interest semiannually. Assume that the current six-month SOFR is 6

A five-year floating-rate note has coupons referenced to six-month U.S. dollar SOFR, and pays coupon interest semiannually. Assume that the current six-month SOFR is 6 percent. If the risk premium above SOFR that the issuer must pay is 1/8 percent, the next period's coupon rate on a $1,000 face value FRN will be

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