(a) Company X has been offered the rates shown in Table 7.3. It can invest for four...

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(a) Company X has been offered the rates shown in Table 7.3. It can invest for four years at 5.5%. What floating rate can it swap this fixed rate into?
(b) Company Y has been offered the rates shown in Table 7.3. It can invest for 10 years at LIBOR minus 50 basis points. What fixed rate can it swap this floating rate into?
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