Given the following information about a CMO: - $7 million of mortgage pool principal assigned to the floater class, $4 million assigned to the inverse floater class. Floater class coupon rule: LIBOR +0.2% Inverse floater class coupon rule: 12.5% - L XLIBOR LIBOR in the first month is 3% What is the coupon leverage L7 Round your answer to two decimal points (e.g. If your answer is 1/3, write 0.33)