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A five-year floating-rate note has coupons referenced to six-month dollar LIBOR, and pays coupon interest quarterly. Assume that the current LIBOR is 9 percent. If

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A five-year floating-rate note has coupons referenced to six-month dollar LIBOR, and pays coupon interest quarterly. Assume that the current LIBOR is 9 percent. If the risk premium above LIBOR that the issuer must pay is 1/8 percent, the next period's coupon rate on a $1,000 face value FRN will be

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