Hello Joe Kissel,
The status of CLK_OUT signal from MCR20A transceiver is described in MCR20AVHM Data Sheet, see chapter 1.1.2 Clock output feature (http://cache.freescale.com/files/rf_if/doc/data_sheet/MCR20AVHM.pdf? ) and also in MCR20A Reference Manual, chapter 3.6 System Oscillator and Clock Considerations (http://cache.freescale.com/files/rf_if/doc/ref_manual/MCR20RM.pdf? ).
Regarding your question - the Clock signal seen by MCU at POR (Power On Reset) will be 4 MHz (32 MHz/8) if the GPIO5/BOPT pin is low upon POR.
If this pin is high upon POR (GPIO5 has a pullup resistor) then the frequency will be 32.78689 kHz (32 MHz/976).
Have a great day,
Wlodek_D.
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