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Unanswered Question 5 You Answered 0/1 pts Kroger wants to borrow $50 million at a fixed rate. Kroger's bank quotes a fixed rate of
Unanswered Question 5 You Answered 0/1 pts Kroger wants to borrow $50 million at a fixed rate. Kroger's bank quotes a fixed rate of 7.76% or a floating rate of Libor + 3.12%. A swap bank quotes an interest rate swap as 3.00 3.45 against Libor. If Kroger enters into a swap agreement, how much will Kroger send the Swap Bank if Libor = 2.67%? Note: your answer should be in dollars. If on net Kroger receives money from the Swap Bank enter a negative number. Correct Answer 390,000
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