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Consider a 5 - year semiannual payment floating - rate security whose coupon rate is determined as: reference rate + 4 5 basis points The

Consider a 5-year semiannual payment floating-rate security whose coupon rate is determined as:
reference rate +45 basis points
The current reference rate is 8% and bond's price is 98.5.
(1) What is the current coupon rate? (1 points)
(2) What is the required yield of the floating-rate bond? (5 points)
(3) What is the discount margin of the floating-rate bond? (2 points)
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