Use the following information for questions 15-18. Tebow Trust can fund 12.75 percent fixed-rate assets with either variable-rate liabilities at LIBOR + 1 percent or fixed at 12.5 percent. Swamp Bank can fund variable-rate assets with either fixed-rate liabilities at 11 percent or variable at LIBOR 0.5 percent. Swamp's variable-rate assets earn LIBOR + 1.25 percent. Tebow and Swamp could agree on an interest-rate swap with the fixed-rate swap payment at 10.75 percent and the variable-rate swap payment at LIBOR. 15 What will be the net after-swap cost of funds for the Tebow Trust if the cash market liabilities are included in the analysis? b. C. d. Variable-rate at LIBOR 0.25 percent Variable-rate at LIBOR Fixed-rate at 11.75 percent Fixed-rate at 11.50 percent None of the above is correct. 16.What will be the net after-swap yield on assets for Tebow Trust? Variable-rate at LIBOR Fixed-rate at 1.25 percent Fixed-rate at 0.75 percent Fixed-rate at 1.00 percent None of the above is correct. C. d. 17 What will be the net after-swap yield on assets for Swamp Bank? b. C. d. Variable-rate at LIBOR Fixed-rate at 1.25 percent Fixed-rate at 0.75 percent Fixed-rate at 1.00 percent None of the above is correct. 18. Which of the following statements is most correct? a. As a result of agreeing to the off-balance sheet interest rate swap, each intermediary gained 50 basis points in yield on assets. b. As a result of agreeing to the off-balance sheet interest rate swap, each imtermediary gained 25 basis poimts im yield on assets. c. As a result of agreeing to the off-balance sheet interest rate swap, Tebow Trust gained the greater proportion of the quality spread. d. As a result of agreeing to the off-balance sheet interest rate swap, Swamp Bank gained the greater proportion of the quality spread. e. All of the above statements are correct