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Given the following information, what is the maximum rate cap on the floating rate security? (Express the percentage as a decimal, rounded to 4 decimal places. For example, 2.5813% would be entered as 0.0258. Do not round your answer until the end.)

Floating rate security pays: LIBOR+35bp

Created from pool of FRM with WAC of 8%

68M principal assigned to floater class

32M principal assigned to inverse floater class

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Financial Management, Finance

Category:- Financial Management
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