Suppose Company XYZ would like to borrow fixed-rate yen, whereas Commonwealth Bank (CB) would like to borrow floating-rate US dollars. XYZ can borrow fixed-rate Yen at 5.3% OR FLOATING-RATE US dollars at LIBOR + .25%. CB can borrow fixed-rate Yen at 5.3% or floating-rate US dollars LIBOR + .80%.

*What is the range pf posible cost savings that XYZ can relaize through an interest rate/currency swap with CB?