Use these data for the following $2$ questions $($Total Mark: $2)$

Company X$,$ a low$$rated firm, desires a fixed$$rate$,$ long$$term loan. X presently has access to floating interest rate funds at a margin of $2\mathrm{.}25\%$ over LIBOR. Its direct borrowing cost is $12\%$ in the fixed$$rate bond market. In contrast, company Y$,$ which prefers a floating$$rate loan, has access to fixed$$rate funds in the Eurodollar bond market at $9\mathrm{.}5\%$ and floating$$rate funds at LIBOR $+1\mathrm{.}45\%.$ Suppose that two companies have agreed to enter interest rate swap and that they split the cost savings.

$($Please calculate at least up to two decimal points and enter your answer.$)$

Question A$.$ How much would X pay for its fixed$-$rate funds?

Answer $1$ Question $10$

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Question B$.$ How much would Y pay for its floating$-$rate funds?

$($note: please put the $+/-$ sign with your answer$)$

LIBOR Answer $2$ Question $10$

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