Question: Given the following information about a CMO: - $6 million of mortgage pool principal assigned to the floater class. $17 million assigned to the inverse

Given the following information about a CMO: - $6 million of mortgage pool principal assigned to the floater class. $17 million assigned to the inverse floater class. - Floater class coupon rule: LIBOR +0.2% - Inverse floater class coupon rule: 12.5% LX LIBOR -LIBOR in the first month is 3% What is the coupon leverage L? Round your answer to two decimal points (e.g. If your answer is 1/3, write 0.33)

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