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[2] (Swaps - Financial Intermediary) Let's assume that you are a financial intermediary. - Microsoft wants to receive LIBOR from you (i.e., you pay LIBOR)

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[2] (Swaps - Financial Intermediary) Let's assume that you are a financial intermediary. - Microsoft wants to receive LIBOR from you (i.e., you pay LIBOR) and pay 4% fixed rates to you (i.e., you receive 4% fixed rates) for $10 million notional principal for the next 5 years. - British Petroleum wants to pay LIBOR point to you (i.e. you receive LIBOR) and receive 4.20% fixed rates from you (i.e., you pay 4.20% fixed rates) for $10 million notional principal for the next 10 years. - Alphabet Inc. wants to pay LIBOR to you (i.e. you receive LIBOR) and receive 4.04% fixed rates from you (i.e., you pay 4.04% fixed rates) for $10 million notional principal for the next 5 years. - Samsung Corporation wants to pay LIBOR to you (i.e. you receive LIBOR) and receive 3.96% fixed rates from you (i.e., you pay 3.96% fixed rates) for $10 million notional principal for the next 5 years. Find all pairs of back-to-back deals that gives you positive profits. There may be more than one such back-to-back deals. And, calculate such deals' dollar-amount profits per each 6 month periods

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