Companies X and Y have been offered the following rates per annum on a $10 million 5-year investment: Fixed Rate Company X 6.0% Company Y 7.0% Floating Rate LIBOR LIBOR+0.2% Company X requires a fixed-rate investment; company Y requires a floating-rate investment. An interest rate swap will net a bank, acting as intermediary, 0.2% per annum and will appear equally attractive to X and Y. After this swap, Company X on its investment. earns 6.3% 6.4% LIBOR+0.3% LIBOR+0.4%