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You have purchased $5, 000, 000 (par amount) of a floating rate bond that pays interest at a fixed spread of 80% above 6-month LIBOR.

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You have purchased $5, 000, 000 (par amount) of a floating rate bond that pays interest at a fixed spread of 80% above 6-month LIBOR. If 6-month LIBOR at the last coupon reset for this bond was 1.25%, and the applicable period is 184 days, the amount of interest you will receive on the next coupon payment date is closest to: $103, 924 $102, 500 $51, 670 $51, 250

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