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Companies A and B have been offered the following rates. Company A requires a floating-rate loan. Company B requires a fixed rate loan. Design a

Companies A and B have been offered the following rates. Company A requires a floating-rate loan. Company B requires a fixed rate loan. Design a swap that will appear equally attractive to both parties (split any gains from the swap right down the middle). Fixed Rate Floating Rate Company A 4.3% LIBOR + 0.2% Company B 6.4% LIBOR + 0.8% swap picture.png A diagram of the swap is shown above. What is the value of X (the fixed payment that company B makes to Company A) in the swap you designed?

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