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Chrysler Corporation has a floating rate loan outstanding at 6m LIBOR +35bp (eg 9bp0009). The...

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Chrysler Corporation has a floating rate loan outstanding at 6m LIBOR +35bp (eg 9bp0009). The new CFO is worried about rates going higher and calls an investment bank for a swap quote and receives the spread 1.75% 71.854 against LIBOR fiat. If Chrysler moves ahead on the transaction, what is their all in net foed interest rate cost in annual terms to two decimal places but do not put in the sign (eg 1.80% - 1.80)

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