7.3. Company X wishes to borrow U.S. dollars at a fixed rate of interest. Company Y wishe to borrow Japanese yen at a fixed rate of interest. The amounts required by the tw companies are roughly the same at the current exchange rate. The companies have beci quoted the following interest rates, which have been adjusted for the impact of taxes: Yen CompanyX Company Y 5.0% 6.5% Dollars 9.6% 10.0% Design a swap that will net a bank, acting as intermediary, 50 basis points per annut Make the swap equally attractive to the two companies and ensure that all foreig exchange risk is assumed by the bank