Assume the following scenario

Company A

$($Wants Fixed$)$

Company B

$($Wants Fixed$)$

Company C

$($Wants Float$)$

Company D

$($Wants Float$)$

Fixed $10\%9\%10\%8\%$

Float $7\%8\%10\%9\%$

Amount $$1,000,000$ $$500,000$ $$800,000$ $$800,000$

Assume that A&B will always get $55\%$ of the split if there is any benefit in a swap. Assum that

C&D will always get $45\%$ of the split if there is any benefit in a swap. What is the overall

effective rate for Company C$?$