Question: please do not answer in excel! A company has issued a SI,000,000 floating-rate note with a coupon rate equal to the threemonth LIBOR + 65
A company has issued a SI,000,000 floating-rate note with a coupon rate equal to the threemonth LIBOR + 65 bps. Interest payments are made quarterly on 31 March, 30 June, 30 September, and 31 December. On 31 March and 30 June, the three-month LIBOR is I.55\% and 1.35%, respectively. What would be the coupon rate for the interest payment on 30 June? What would be the dollar amount of the June 30 payment
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