11 Use the following information about an interest rate SWAP contract to answer the following question Assume for the date court traction) Capital Cibes wants to pay LIBOR 27 WCB wants to make a book of $84,000, what the rate should CIBC pay? 10 Counter Parties Notional Principal Foxed Rate paver Food Rite Floating Rate Payer Floating Rate Floating Ratement Efective date Maturity Date CIBC & Capital Cities $2.000.000 CIBC XXX per annum Capital LOR27p 6 months December 21 2020 December 21 2022 Teem Mears) Payrole Discount Receverte Piscount 200 Factor actor 05 537 0.9742 5455 09738 10 5.87 09846 5975 09437 15 5949 09171 GM 09145 20 6211 09865 632 OB 25 630 08584 6424 08550 3.0 6.42% 08237 6541 08269 CIBC should pay percent. (Do not found intermediate calculations. Round your final answer to the nearest basis point) 11 Use the following information about an interest rate SWAP contract to answer the following question Assume for the date court traction) Capital Cibes wants to pay LIBOR 27 WCB wants to make a book of $84,000, what the rate should CIBC pay? 10 Counter Parties Notional Principal Foxed Rate paver Food Rite Floating Rate Payer Floating Rate Floating Ratement Efective date Maturity Date CIBC & Capital Cities $2.000.000 CIBC XXX per annum Capital LOR27p 6 months December 21 2020 December 21 2022 Teem Mears) Payrole Discount Receverte Piscount 200 Factor actor 05 537 0.9742 5455 09738 10 5.87 09846 5975 09437 15 5949 09171 GM 09145 20 6211 09865 632 OB 25 630 08584 6424 08550 3.0 6.42% 08237 6541 08269 CIBC should pay percent. (Do not found intermediate calculations. Round your final answer to the nearest basis point)