Question: The U.S. dollar LIBOR is currently 3.25%. A floating-rate note is indexed to U.S. dollar LIBOR plus 25 basis points (bps). What is the amount

The U.S. dollar LIBOR is currently 3.25%. A floating-rate note is indexed to U.S. dollar LIBOR plus 25 basis points (bps). What is the amount of the next coupon payment if the par value is $1,000?

$13.00

$22.50

$26.00

$35.00

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