Additional Problems 1. If a firm has borrowed $5m at a floating rate of LIBOR + 75 basis points, and then enters into a swap to receive LIBOR and pay 6% fixed on $5m notional, what is the firm's effective interest rate on its borrowing? 2. Given the futures prices for corn in the table below, fill in the corresponding daily mark-to-market settlements (credits and debits) to a margin account for a position that is long one futures contract, for days 1-5. Prices are given in US cents per bushel, and contracts are for 5,000 bushels. Day Futures Price Margin Account Credit/Debit 0 (today) 422.4 1 422.7 2 423.5 3 422.0 4 424.8 5 420.3