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Consider a swap agreement between companies AAACorp and BBBCorp. Assume that AAACorp pays LIBOR+x% and receives y% fixed. What should be the range for the

Consider a swap agreement between companies AAACorp and BBBCorp. Assume that AAACorp pays LIBOR+x% and receives y% fixed. What should be the range for the difference y x in percent for the companies to engage in swap agreement?

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