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An lSsuer must make semiannual payments at the rate of LUBOR - 1 8 0 plus a quoted margin of 2 0 0 basis points

An lSsuer must make semiannual payments at the rate of LUBOR-180 plus a quoted margin of 200 basis points on bonds worth $1,000 par, Calculate the coupon payment that will be made on January 1,2009 given the following information:
Jily 1,2008
LUBOR-180=5%
January 1,2009
????BOR-180=6%
$70
535
580
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