Suppose that Company A and Company B wants to borrow USD 600 million for 10 years. Company A prefers to borrow at floating rate of interest, while Company B has a preference to borrow at fixed rate of interest. Company A is a relatively larger and less risky and banks offer it an 8% fixed or floating rate of LIBOR. The quotes of the banks for Company B are fixed rate of 11.50% or floating rate of LIBOR+2%. Both companies are interested to enter into a swap contract with swap bank who is willing to facilitate the swap by charging a spread of 75 basis points (bp) from the swap contracts with both companies. Suppose that LIBOR rate is 10% for the computation of the net interest rate for all the involving parties. Using above information fill in the following blanks.

Please write all the answers in percentage with two decimal places. For instance, 0.08=8.00%

Please note paid rate must be negative and received rate must be positive.

Payment Legs	Rate in Percentage
Company A Payment rate to Banks
Company A Receiving rate from Swap Bank
Company A Payment rate to Swap Bank
Net Rate of Company A
Company B Payment rate to Bank
Company B Receiving rate from Swap Bank
Company B Payment rate to Swap Bank
Net Rate of Company B
Swap Bank Receiving rate from Company A
Swap Bank Payment rate to Company A
Swap Bank Receiving rate from Company B
Swap Bank Payment rate to Company B
Net Rate of Swap Bank
How many swap contracts will be developed in this question?