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Your firm has just issued five - year floating - rate notes denominated in U . S . dollars and indexed to six - month

Your firm has just issued five-year floating-rate notes denominated in U.S. dollars and indexed to six-month CME Term SOFR plus 0.70 percent. What is the amount of the first coupon payment your firm will pay per U.S. $1,000 of face value, if six-month CME Term SOFR is currently 8.7 percent?
Note: Round your answer to 2 decimal places.
First coupon payment ?

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