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