Given a floater-inverse floater tranche with total principal

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Given a floater/inverse floater tranche with a total principal amount of $25,000,000, 7% interest, and even allotments to the floater class and the inverse floater classes what is the maximum interest rate cap on the floater class? (State your answer as a percentage as follows: if your answer was two percent, enter 2.00)

Reference no: EM131063409

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