Royal Bank wants to borrow $100,000,000 in floating rate for 5 years; Scotia Bank wants to borrow $100,000,000 in fixed rate as well for 5 years. The outside borrowing opportunities in the market are shown here: Fixed-Rate Borrowing Cost 10% 12% Floating-Rate Borrowing Cost LIBOR LIBOR + 1.5% Royal Bank Scotia Bank BMO has proposed the following interest only swap: Scotia Bank will pay the BMO annual payments on $100,000,000 with a fixed rate of rate of 9.90 percent. In exchange the BMO will pay to Scotia Bank interest payments on $100,000,000 at LIBOR - 0.15 percent. What is the value of this swap to Scotia Bank? O A. Scotia Bank will save 45 basis points per year on $100,000,000 = $450,000 per year. O B. Scotia Bank will save 15 basis points per year on $100,000,000 = $150,000 per year. O C. Scotia Bank will save 5 basis points per year on $100,000,000 = $50,000 per year. O D. Scotia Bank will only break even on the deal