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PLEASE ANSWER ASAP! PLEASE HELP. Company X wants to borrow $10,000,000 floating for 5 years: company Y wants to borrow $10,000,000 fixed for 5 years.

PLEASE ANSWER ASAP! PLEASE HELP.
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Company X wants to borrow $10,000,000 floating for 5 years: company Y wants to borrow $10,000,000 fixed for 5 years. Their external borrowing opportunities are shown below: A swap bank proposes the following interest only swap: Y will pay the swap bank annual payments on $10,000,000 with a fixed rate of 10\%. In exchange the swap bank will pay to company Y interest payments on $10,000,000 at LIBOR - 0.15\%. What is the value of this swap to company Y? Company Y will only break even on the deal. Company Y will save 35 basis points per year on $10,000,000=$35,000 per year. Company Y will save 15 basis points per year on $10,000,000=$15,000 per year. Company Y will save 5 basis points per year on $10,000.000=$5,000 per year

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