Company X, a British company, wishes to borrow U.S. dollars at a fixed rate of interest. Company Y, a U.S. company wishes to borrow British Pound at a fixed rate of interest. They have been offered the following rates: Company X is offered 11% British pound, and 7.2% U.S. $. Company Y is offered 10.6% British pound and 6.2% U.S. $. Which one the following swaps will net a bank 10 basis points per annum and will provide equal gains per annum for each of the two companies? N All Answers Let X pay 11.0% BP to outside pay 6.95% $ to bank and let y pay 6.2% on $ to outside and pay 10.35% on BP to the bank. Let X pay 11.0% BP to outside, pay 7.55% $ to bank and let Ypay 6.2% on $ to outside and pay 10.95% on BP to the bank. Let X pay 11.0% BP to outside, pay 5.55% $ to bank and let y pay 6.296 on $ to outside and pay 9.95% on BP to the bank