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Company X wants to borrow $10,000,000 floating for 5 years; company Y wants to borrow $10,000,000 fixed for 5 years. Their externa borrowing opportunities are

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Company X wants to borrow $10,000,000 floating for 5 years; company Y wants to borrow $10,000,000 fixed for 5 years. Their externa borrowing opportunities are shown below. A swap bank is involved and quotes the following rates five-year dollar interest rate swaps at 10.05 percent 10.45 percent against LIBOR flat. Assume company Y has agreed, but company X will only agree to the swap if the bank offers better terms. What are the absolute best terms the bank can offer X, given that it already booked Y ? A) 10.45%10.45% against LIBOR flat. B) 10.45%10.05% against LIBOR flat. C) 10.50%10.50% against LIBOR flat. D) none of the options

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