The Six Month LIBOR Rate for a Reference Period Is

question 91

Multiple Choice

The six month LIBOR rate for a reference period is 6.8% (annualized) .The fixed six-month coupon rate for the same period is 3.9%.Compute the payment to the floating-rate payer if the notional principal is $100 million.

• A)$0.5 million
• B)$1 million
• C)$1.5 million
• D)$2 million
• E)$2.5 million

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