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 8.8 percent? Note: Round your answer to 2 decimal places.

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 8.8 percent? Note: Round your answer to 2 decimal places.

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter22: International Financial Management

Section: Chapter Questions

Problem 1P

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