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Business, 11.01.2021 15:50 live4dramaoy0yf9

The coupon rate of a floating-rate note that makes payments in June and December is expressed as six-month Libor 25 bps. Assuming that the six-month Libor is 3.00% at the end of June 20XX and 3.50% at the end of December 20XX, the interest rate that applies to the payment due in December 20XX is:

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