Assume Firm XXX can borrow USD for 10 years at 5% and can borrow at a variable rate of Libor + 1%.

Firm YYY can borrow USD for 10 years at 5.5 % and can borrow at a variable rate of Libor.

Firm XXX wants to borrow at a variable rate and Firm YYY wants to borrow at a fixed rate.

What is the Quality spread differential? (enter your answer with decimals, not as a percentage. For instance, if your answer were 5% you would enter 0.05)