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Tesla purchased $130,000 par value of a 14-year, Floating Rate note. The bond pays its coupon semi-annually and carries a spread of 6M Libor +
Tesla purchased $130,000 par value of a 14-year, Floating Rate note. The bond pays its coupon semi-annually and carries a spread of 6M Libor + 1.75%. Assuming 6M Libor was 0.50% as of the last reset date, what is the next Coupon Payment going to be?
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