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A company has 10 year floating rate debt at Libor + 50 bps. The current 10-year treasury is 4.50% and 10-year swap spreads are T

A company has 10 year floating rate debt at Libor + 50 bps. The current 10-year treasury is 4.50% and 10-year swap spreads are T +40 versus Libor. What rate can the company lock in for the 10-year debt?

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