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Bank 1 can issue five-year CDs at an annual rate of 11 percent fixed or at a variable rate of LIBOR+2 percent. Bank 2 can

Bank 1 can issue five-year CDs at an annual rate of 11 percent fixed or at a variable rate of LIBOR+2 percent. Bank 2 can issue five-year CDs at an annual fixed rate of 13 percent or at a variable rate of LIBOR+3 percent. Is there a swap that would benefit both banks? If so, give an example. If not, why not?

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