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Today an Interest rate Swap is entered between AMCHI Bank Ltd and X Ltd. As per the term Bank will pay fixed rate and receive

Today an Interest rate Swap is entered between AMCHI Bank Ltd and X Ltd. As per the term Bank will pay fixed rate and receive MIBOR . Swap is of 360 days duration and payments will be exchanged at an interval of 90 days. 90, 180,270and 360 days MIBOR rates are 4.8 %, 5.2 %, 5.4% 5.6%. 


What is the fixed rate that bank would offer if they keep an overall spread of 40 basis points?

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