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6. (3 points) Three-month U.S. dollar LIBOR is currently 0.25%, and your firm issues floating-rate notes (with quarterly coupon payments) indexed to three-month U.S. dollar

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6. (3 points) Three-month U.S. dollar LIBOR is currently 0.25%, and your firm issues floating-rate notes (with quarterly coupon payments) indexed to three-month U.S. dollar LIBOR plus 50 basis points. What is the amount of the next quarterly coupon payment per U.S. $4,000 of face value? Solution

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