You are currently borrowing $100,000,000 based upon a floating rate of LIBOR + 1%.You would like to borrow the same amount with a fixed rate of 7%.Which interest rate swap will achieve that end?
A) receive LIBOR and pay 6%
B) receive (LIBOR +2%) and pay 8%
C) receive (LIBOR +2%) and pay 9%
D) a and b above
Correct Answer:
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