MNC-D and MNC-Z both require USD 45 million for 3 years. Both MNCs have access to different floating and fixed interest rates. MNC-D is currently paying a floating rate but wants to pay a fixed rate. MNC-Z is currently paying a fixed rate but wants to pay a floating rate. The intermediary to the swap charges 10 basis points (bps) of the total savings available to arrange the swap. The savings split between MNC-D and MNC-Z is 1:3. What is the fixed rate that MNC-D pays in the swap arrangement? a. 5.35% b. 4.85% c. 5.40% d. 4,50% e. 4.60%