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Your firm has just issued five-year floating-rate notes (FRNs) indexed to six-month U.S. dollar LIBOR plus 1 4 percent. What is the amount of the

Your firm has just issued five-year floating-rate notes (FRNs) indexed to six-month U.S. dollar LIBOR plus 1 4 percent. What is the amount of the third coupon payment your firm will pay per U.S. $1,000 of face value, if six-month LIBOR is currently 8 percent and is expected to increase by 0.75% p.a.?

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