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Incorrect Question 14 0/2 pts Suppose Wells Fargo has a customer that wants a fixed rate loan. WFC and the customer have agreed on 5%

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Incorrect Question 14 0/2 pts Suppose Wells Fargo has a customer that wants a fixed rate loan. WFC and the customer have agreed on 5% for 4-years. Wells Fargo does not want to take the interest rate risk associated with the loan because its marginal cost of funds is 3ML-10 WFC enters into an interest rate swap where the company pays 2.55% and receives 3ML. 3ML is currently 2.50%. What is the synthetic floating rate created by the swap for the loan? 240 Incorrect Question 14 0/2 pts Suppose Wells Fargo has a customer that wants a fixed rate loan. WFC and the customer have agreed on 5% for 4-years. Wells Fargo does not want to take the interest rate risk associated with the loan because its marginal cost of funds is 3ML-10 WFC enters into an interest rate swap where the company pays 2.55% and receives 3ML. 3ML is currently 2.50%. What is the synthetic floating rate created by the swap for the loan? 240

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