Company X and Y have been offered the following borrowing interest rates per annum on a $5 million loan.

Company X	Fixed-Rate 3.0%	Floating Rate Libor
Company Y	Fixed-Rare 4.3%	Libor +0.15%

Determine the savings that each company can generate from this swap Design a swap that will net a bank acting as an intermediary 0.1% per annum and be equally attractive to both companies, showing clearly the overall (final) borrowing rate for each company