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An FRN has a face value of $ 1 . The first coupon payment is 4 . 7 5 % . The first coupon payment

An FRN has a face value of $1. The first coupon payment is 4.75%.The first coupon payment at initiation is 182 days.
It has four remaining payment dates:
Time to payment Libor rates as of t0
t1=90 days 5.35%
t2=273 days 6.58%
t3=455 days 6.40%
t4=638 days 5.95%
What is the value of the FRN?
Question 3 options:
1.015
1.010
1.038
1.117

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