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Google LLC issued a floating-rate bond with a face value of $1,000 and a coupon rate equal to LIBOR + 2%. The bond has a

Google LLC issued a floating-rate bond with a face value of $1,000 and a coupon rate equal to LIBOR + 2%. The bond has a maturity of 5 years and pays interest semi-annually. The current LIBOR rate is 3%. Calculate: a) The coupon payment for the first semi-annual period. b) The price of the bond if the current market interest rate is 4%. c) Assess the impact of changes in the LIBOR rate on the bond's value.

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