2. Company X wants to borrow $10,000,000 floating for 5 years; company Y wants to borrow $10,000,000 fixed for 5 years. Their external borrowing opportunities are shown below: fix-rate borrowing cost floating-rate borrowing cost Company X 10% LIBOR Company Y 12% LIBOR+1.5% A swap bank proposes the following interest only swap: X will pay the swap bank annual payments on $10.000.000 with the coupon rate of LIBOR-0.15%; in exchange the swap bank will pay to company X interest payments on $10.000.000 at a fixed rate of 9.90%. What is the value of this swap o company X? Company X wiflose money or the deal. Company will save 25 basis points per year on $10.000.000 - 525.000 per year Company will only break even on the deal O Company will save 5 basis points per year on $10.000.000 - $5.000 de ven