Question: Your firm issued floating-rate notes indexed to three- month U.S. dollar LIBOR plus 35 basis points. Assume the quarterly paid coupon was $16 per $1000,

Your firm issued floating-rate notes indexed to three- month U.S. dollar LIBOR plus 35 basis points. Assume the quarterly paid coupon was $16 per $1000, what was the LIBOR? Enter percent round to 2 decimal places

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