Alpha and Beta Companies can borrow for a five-year term at the following rates:

	Alpha		Beta
Moodys credit rating	Aa		Baa
Fixed-rate borrowing cost	11.8	%	14.6	%
Floating-rate borrowing cost	LIBOR		LIBOR + 1	%

Calculate the quality spread differential (QSD). (Enter your answers as a percent rounded to 2 decimal places.)

THERE IS A SIMILAR QUESTION POSTED BUT IWTH DIFFERNT RATES PLEASE ANSWER THIS CORRECTLY