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Large financial institutions act as market makers for swaps. For 3-year maturity, the swap bid rate is 4.18% and the offer rate is 4.21%. Using

Large financial institutions act as market makers for swaps. For 3-year maturity, the swap bid rate is 4.18% and the offer rate is 4.21%. Using these rates, a company can convert a 3-year floating rate loan of LIBOR + 28 basis points to what fixed rate loan? a 4.46% 4.51% Od 4.4996 Od 4539 Oe 4 55%

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