Question: your firm has just issued five - year floating - rate notes denominated in U . S . dollars and indexed to six - month

your firm has just issued five-year floating-rate notes denominated in U.S. dollars and indexed to six-month CME Term SOFR plu.70 percent. What is the amount of the first coupon payment your firm will pay per $1000 of face value, if six-
month CME Term SOFR is currently 7.2 percent?

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