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Amazon would like to get a floating rate loan $10,000,000. It can borrow at 7.96% or Libor +1%. A swap bank quotes 7.47 - 7.71

Amazon would like to get a floating rate loan $10,000,000. It can borrow at 7.96% or Libor +1%. A swap bank quotes 7.47 - 7.71 against flat Libor. How much can Amazon save (in basis points) by entering a swap agreement

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