10 Problem 14.3 pints Company A is an AAA-rated firm desiring to issue five year FRNs. It finds that it can issue FRNs at six-month LIBOR 220 percent or at three-month LIBOR 220 percent. Given its asset structure, three-month LIBOR is the preferred index Company B is an A-rated firm that also desires to issue five-year FRNs. It finds it can issue at six-month LIBOR. 10 percent or at three-month LIBOR + 720 percent Given its asset structure, six-month LIBOR is the preferred index Assume a notional principal of $15,000,000. Determine the quality spread differential (QSD). (Do not round Intermediate calculations. Enter your answer as a percent rounded to 3 decimal places. 024606 Quality spread diferential percent eBook Berche