For investment in their subsidiaries, a US MNC needs to borrow 10 million, while a Frech MNC needs to borrow $12 million. US MNC can borrow in USD at 7.5% per year, at a lower cost than French MNC (which can borrow USD at 9.5%). US MNC can borrow in at 10% per year, also at a lower cost than French MNC (which can borrow in at 10.5%). A swap bank is arranging a currency swap for these two firms. Swap Bank $7.5% $9.0% 9.6 % 10.5% $7.5% U.S. MNC French 10.5% MNC 6. How much is the total saving that can be split among US MNC, French MNC, and the swap bank arranging the swap? a. 0% b. 1% c. 1.5% d. 2%. 7. Which much is the total benefit for the swap bank? a. 0.4% b. 0.5% c. 0.6% d. 2.4%