Companies X and Y have the following borrowing rates available

Company	Fixed	Floating
X	5.2%	LIBOR + 0.5%
Y	6.1%	LIBOR + 1.0%

If X requires a floating-rate loan and Y requires a fixed rate loan, then construct a swap arrangement involving a financial intermediary in which the financial intermediary charges 0.1% and the remaining benefit is shared between X and Y in the ratio 2 : 1. Adjust the floating rates between the parties to LIBOR.