A 2y (twoyear) floater issued with a face value of $1,000 and maturity of 9/15/2021 has a quarterly

coupon rate of 3mL + 60 bps. (3mL = 3month Libor). It has a floor of 3% and a cap of 5% on the

coupon. Compute the coupon rate and dollar amount of coupon for the 8 coupon dates. Make sure

to align your coupon amount with the date on which it will occur. Note that the convention for the

coupon is Act/360.

3mL reset date 3mL (%)

9/15/2019 2.13

12/15/2019 2.25

3/15/2020 2.70

6/15/2020 3.67

9/15/2020 3.28

12/15/2020 4.35

3/15/2021 4.82

6/15/2021 5.21

9/15/2021 3.78