23. The following table depicts the costs of borrowing for companies A and B in fixed rate and floating rate markets: Fixed Rate Market Floating Rate Market A 4% LIBOR B 4.8% LIBOR + 0.4% Which of the following statements is correct? a. A will prefer to borrow in the floating rate market, whereas B will prefer to borrow in the fixed rate market b. A will prefer to borrow in the fixed rate market, whereas B will prefer to borrow in the floating rate market c. B can borrow at a cheaper interest rate in both fixed rate and floating rate markets d. A and C6 24. The following graph depicts a swap transaction between company A, company B and the bank acting as the intermediary: Due to engaging in this swap transaction, company A manages to transform is fixed rate payment of 7.7% to a floating rate payment of: a. LIBOR + 0.2% b. LIBOR 0.2% c. LIBOR 7.5% d. LIBOR + 7.7%