Six months ago, a firm contracted a 6x9 FRA at a rate4(0,0.25,0.75)of 4% with settlement at the start of the contract, to hedge a future 3-month floating rate financing of $1 million. Six months have passed and the settlement date of the FRA is today. The 3-month LIBOR is at 3.00%. The firm used to be able to borrow at LIBOR, but its credit worthiness has been deteriorating recently, and today the firm can only borrow money at LIBOR+0.25%. Determine the borrowing rate that the firm effectively obtains with the loan and the FRA (i.e., considering the combined effect of both the FRA and the current rate that the firm can get in the market today)

Please type your answer in percentage points, with two decimals, without a percentage sign.