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Need help with this question. Pepsico (an American company) recently issued a 3 year floating rate note. The floating rate note resets monthly with a

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Pepsico (an American company) recently issued a 3 year floating rate note. The floating rate note resets monthly with a credit spread of +25 bps. Using the information provided below, what was the annual coupon rate for the first interest payment period? Using this coupon rate, calculate the cash interest amount paid to bond investors for the first coupon period (1,3 or 6 months). Assume each FRN has a face value of $1,000. LIBOR beginning of the period LIBOR end of the period Number of days in the period 1% 1 month LIBOR 1.25% 32 days 1.15 % 3 month LIBOR 1.20% 93 days 1.30% 180 days 1.25% 6 month LIBOR Pepsico (an American company) recently issued a 3 year floating rate note. The floating rate note resets monthly with a credit spread of +25 bps. Using the information provided below, what was the annual coupon rate for the first interest payment period? Using this coupon rate, calculate the cash interest amount paid to bond investors for the first coupon period (1,3 or 6 months). Assume each FRN has a face value of $1,000. LIBOR beginning of the period LIBOR end of the period Number of days in the period 1% 1 month LIBOR 1.25% 32 days 1.15 % 3 month LIBOR 1.20% 93 days 1.30% 180 days 1.25% 6 month LIBOR

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