Text form for question:

Assume the following scenario

	Company A (Wants Fixed)	Company B (Wants Float)	Company C (Wants Float)
Fixed	10%	9%	10%
Float	7%	8%	10%
Amount	$1,000,000	$600,000	$300,000

What is the effective rate of borrowing $1,000,000 for company A after using swaps?

Assume the following scenario What is the effective rate of borrowing $1,000,000 for company A after using swaps