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Wilmart can borrow in Euras at 8% ar in Dollars at 7.6. The bank quotes Euro interest rate swaps as 8%5 - 8.17 . and

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Wilmart can borrow in Euras at 8% ar in Dollars at 7.6. The bank quotes Euro interest rate swaps as 8%5 - 8.17 . and Doliar interest rute swaps as 6.19966.879. Walmart would like to borrow $3 milion. How much can Walmart save if it enters a currency mwap? [Note: your answee should be in dollars not basts points]

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