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 external borrowing opportunities are shown here Company X Company Y Fixed-Rate Borrowing Cost 10% 12% Floating-Rate Borrowing Cost LIBOR LIBOR +15% A swap bank proposes the following interest only swap. Y will pay the swap bank annual payments on $10,000,000 with a fixed rate of rate of 9 90 percent. In exchange the swap bank will pay to company Y interest payments on $10,000,000 at LIBOR -0.15 percent; What is the value of this swap to company Y? Select one A Company Y will save 15 basis points per year on $10,000,000 = $15,000 per year. B Company Y will only break even on the deal. C. Company Y will save 5 basis points per year on $10,000,000 = $5,000 per year. D. Company Y will save 45 basis points per year on $10,000,000 = $45,000 per year