单选题
Consider a $3 million semiannual-pay floating-rate issue where
the rate is reset on January 1 and July 1 each year. The reference rate is
6-month LIBOR, and the stated margin is +1.75%. If 6-month LIBOR is 7.45% on
July 1, what will the next semiannual coupon be on this issue?
- A. $8700000
- B. $12450000
- C. $13800000