The six-month LIBOR rate for a reference period is 10% (annualized).The fixed six-month coupon rate for the same period is 5%.Compute the payment to the floating-rate payer if the notional principal is $100 million.
A)$0.5 million
B)$1 million
C)$0 million
D)$1.5 million
E)$0.25 million

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The Answer of The six-month LIBOR rate for a reference period is 10% (annualized).The fixed six-month coupon rate for the same period is 5%.Compute the payment to the floating-rate payer if the notional principal is $100 million.
A)$0.5 million
B)$1 million
C)$0 million
D)$1.5 million
E)$0.25 million

The Six-Month LIBOR Rate for a Reference Period Is 10