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Your firm issued floating-rate notes indexed to six-month US dollar LIBOR plus 50 basis points. Assume the paid coupon was $35 per $1000, what was

Your firm issued floating-rate notes indexed to six-month US dollar LIBOR plus 50 basis points. Assume the paid coupon was $35 per $1000, what was the LIBOR? Enter percent round to 1 decimal places

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