A company has issued a floating-rate note with a coupon (3mL + 55 bps). (Note: 3mL = 3-month Libor). Interest-rate payments are made on the 15^thof March, June, September and December. On 15^th of March and 15^th of June, the 3mL is 1.35% and 1.65%, respectively. The coupon rate for the payment on 15 June is

a. 1.35%

b. 1.65%

c. 1.90%

d. 2.20%