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	4.2%	LIBOR + 0.1%
Company B	7.3%	LIBOR + 1%

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?

(Enter 11.51% as 0.1151. Required precision: 0.0001 +/- 0.0001)