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Suppose two companies exist and face the following 5 year borrowing Rates: Fixed Floating AlexCo 4% L YulianCo 6% L 1/2% Alex wants to borrow

Suppose two companies exist and face the following 5 year borrowing Rates: Fixed Floating AlexCo 4% L YulianCo 6% L 1/2% Alex wants to borrow at a floating rate and Yulian wants to borrow at a Fixed rate. What is the quality spread differential?

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