Q$1.$ A large bank oers the following quotes for a $10-$year swap. $[1$ Mark$]$

USD EURO$$Bid Ask $5\%5\mathrm{.}2\%$

Bid Ask $7\%7\mathrm{.}2\%$a$.$ The bank stands ready to pay $$5\mathrm{.}2$ percent against receiving dollar LIBOR on $5-$year loans.

b$.$ The bank stands ready to receive $7$ percent against receiving dollar LIBOR on $5-$year loans.

c$.$ The bank stands ready to pay $7$ percent against receiving dollar LIBOR on $5-$year loans.

d$.$ none of the options