Company A wishes to borrow U.S. dollars at a fixed rate of interest. Company B wishes to borrow sterling (British Pounds) at a fixed rate of interest. They have been quoted the following rates per annum (adjusted for differential tax effects): Sterling US Dollars Company A 11.0%7.0% Company B 10.6%6.2% Design a swap that will net a bank, acting as intermediary, 10 basis points per annum and that will produce a gain of 15 basis points per annum for each of the two companies. If Company A receives Sterling 11.0% from the financial institution, what is the USD rate that it must pay to the financial institution? (please enter your answers as percentages to two decimal places (this is different from prior questions that only required one decimal place, for instance answer 9.05 to indicate 9.05% )