Suppose that a five$-$year Floating Rate Note $($FRN$)$ pays Market Reference Rate $($MRR$)$ plus $0\mathrm{.}95\%$ Quoted Margin $($QM$)$ on a quarterly basis.

Currently, the MRR is $4\mathrm{.}10\%.$

After a credit downgrade, the price of the floater is $93\mathrm{.}50$ per $100$ of par value.

How much discount margin $($DM$)$ is expected by the investors after the credit downgrade?