Ok, probably a very basic question:

If I borrow $100 at the 3m LIBOR rate for a period of 1 year with interest being payable quarterly, when would my interest payments be and how would they be calculated?

As I understand it, if I borrow at the 3m LIBOR, at the start I would pay the 3m LIBOR rate of that day, then 3 Months later the rate would be reset to the current 3m LIBOR and so on?

Thanks for helping me out guys

If pricing rate is libor+650 bps for 6 months for 6.75 cr. What will be the rate of interest