Zeev's Turnips Patch-No Politics (ZEEV)

[Babylon]

Alanrs, so would the life max cap rate then be 6 1/4%...or is it capped at the end of a term (for example, let's say short rates were 5% at the end of the 5 year term, would the max cap be 7% or still 6 1/4%?)? TIA