Two companies are offered the following interest rates: ALPHA Corporation BETA Corporation US Dollars (fixed rate) 3.5% p.a. 4.6% p.a. Great British Pounds (fixed rate) 4.2% p.a. 5.9% p.a. A financial institution is planning to arrange a swap and requires a 20 basis point spread. If the swap is equally attractive to both companies, which one of the following statements is most accurate? The currency swap will allow BETA to gain access to ALPHA's comparatively better USD (US Dollar) rates. None of the other answer choices are correct. ALPHA has a comparative advantage in GBP (Great British Pounds) rates. The comparative advantage is 0.40%. By engaging in the currency swap, each party will improve their borrowing rate by 0.30%.