2. Companies X and Y have been offered the following rates per annum on a $10 million 5- year investment: Fixed Rate 6.0% Floating Rate LIBOR + 0.5% Company X Company Y 7.0% LIBOR + 2.5% 2.1. Identify comparative advantage in access to financial markets for each company. Explain your answer. [4 points] 2.2. Company X requires a fixed-rate investment; company Y requires a floating-rate investment. Design a swap that will net a bank, acting as intermediary, 0.4% per annum and will appear equally attractive to X and Y. [6 points]