A corporation has sued a $16 millions of floating rate bonds on which it plays an interest rate 0.8% over the UIBOR rate. The bonds we selling at per value. The firm is worried that are about to nise, and it would like to lock in a fixed interest rate on its borrowings. The firm sees that dealers in the wop market are offering was of LIBOR for Awwarangement comes the Dowing to a synthetic fixed-rate loan. Waterestre will pay on that the federate loan Round your answer to decimal place) werest rate