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Company A , a lower - rated firm, desires a fixed - rate loan. Company A presently has access to floating interest rate funds at

Company A, a lower-rated firm, desires a fixed-rate loan. Company A presently has access to floating interest rate funds at a margin of .012 over SOFR. In contrast, company B, a higher-rated firm, has access to fixed-rate funds at .105 and floatingrate funds at SOFR +.007. Both companies enter into an interest rate swap with Bank C. Based on the swap, Bank C would gain .01, Firm A would gain .025, and Firm B would gain .025. What is the current fixed rate available for Company A?
Select one:
a..15
b..16
c..17
d..14
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