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Floaters: A 2y (two-year) floater issued on 9/15/2021 with a face value of $1,000 and maturity of 9/15/2023 has a quarterly coupon rate of 3mL+60

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Floaters: A 2y (two-year) floater issued on 9/15/2021 with a face value of $1,000 and maturity of 9/15/2023 has a quarterly coupon rate of 3mL+60 bps. ( 3mL=3-month Libor). It has a floor of 3% and a cap of 5% on the coupon. The following are the LIBOR rates on the specific reset dates. So, the first coupon period is from 9/15/2021 to 12/15/2021, and so on... Note 3 things for a given coupon period: 1. The coupon rate that applies is the one that resets at the beginning of the period. (Coupon is set in advance.) 2. The number of days is the number of days in that period. 3. The coupon payment is made at the end of the period. (Coupon is paid in arrears.) Also note that the day-count convention for payments based on USD LIBOR is ACT/360 Compute the coupon payment on 9/15/2023. (Be precise to 3 decimals)

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