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9. IGOR plc is a large company requiring floating rate debt, while Jacob plc is a mediumsized company requiring fixed rate debt. The following quotations
9. IGOR plc is a large company requiring floating rate debt, while Jacob plc is a mediumsized company requiring fixed rate debt. The following quotations are provided If a bank arranges an interest rate swap for a fee of 0.3% per transaction (equally split between the two parties), and if the remaining benefit is split equally between Jacob plc and lgor plc, what will be the post-swap interest rates paid by the two companies
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