Q$1$: Company A has been offered the rates shown in following Table. It can borrow for four years at $3\mathrm{.}56\%.$ What floating rate can it swap this fixed rate into?

Q$2$: Company B has been offered the rates shown in the following Table. It can borrow for three years at LIBOR plus $54$ basis points. What fixed rate can it swap this floating rate into?

Q$3$: Company C has been offered the rates shown in the following Table. It can invest for seven years at $3\mathrm{.}25\%.$ What floating rate can it swap this fixed rate into?

Q$4$: Company D has been offered the rates shown in the following Table. It is confident that it will be able to invest at LIBOR minus $30$ basis points for the next five years. What fixed rate can it swap this floating rate into?

Maturity Bid $(\%)$ Offer $(\%)$ Swap Rate $(\%)$

$2$ years $2\mathrm{.}552\mathrm{.}582\mathrm{.}565$

$3$ years $2\mathrm{.}973\mathrm{.}002\mathrm{.}985$

$4$ years $3\mathrm{.}153\mathrm{.}193\mathrm{.}170$

$5$ years $3\mathrm{.}263\mathrm{.}303\mathrm{.}280$

$7$ years $3\mathrm{.}403\mathrm{.}443\mathrm{.}420$

$10$ years $3\mathrm{.}483\mathrm{.}523\mathrm{.}500$