Calculate the share price for xyz.

ii) firm a and b both need 10 million dollars each and decide to approach the markets.

they have two quotes:

1)

from ABC:

fixed: 6.2%;

floating: BBSW plus 1.8%;

2)

From xyz:

fixed: 4.4%;

floating: BBSW plus 1.2%.

If XYZ accepts the fixed-rate funds and ABC the floating-rate funds, then they both decide they can reduce their cost of funds through a swap. Structure a swap where ABC gets 30% of the gain and XYZ gets 70% of the gain.

show working out.