If a firm has borrowed $ 5 m at a floating rate of LIBOR 7 5 basis points, and then enters into a swap to receive LIBOR and pay 6 fixed on $ 5 m notional, what is the firm's effective interest rate on its borrowing

Question

If a firm has borrowed $ 5 m at a floating rate of LIBOR   7 5 basis points, and then enters into a swap to receive LIBOR and pay 6   fixed on $ 5 m notional, what is the firm's effective interest rate on its borrowing

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Question

If a firm has borrowed $ 5 m at a floating rate of LIBOR + 7 5 basis points, and then enters into a swap

If a firm has borrowed $ $5 m$ at a floating rate of LIBOR $+ 75$ basis points, and then enters into a swap to receive

LIBOR and pay $6 %$ fixed on $ $5 m$ notional, what is the firm's effective interest rate on its borrowing?

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