Company x wants to borrow $10,000,000 floating for 5 years; company y wants to borrow $10,000,000 fixed for 5 years. their external borrowing opportunities are shown below:

a swap bank proposes the following interest only swap:

x will pay the swap bank annual payments on $10,000,000 with the coupon rate of libor; in exchange the swap bank will pay to company x interest payments on $10,000,000 at a fixed rate of 10.05%. y will pay the swap bank interest payments on $10,000,000 at a fixed rate of 10.30% and the swap bank will pay y annual payments on $10,000,000 with the coupon rate of libor - 0.15%.

(a) what is the qsd?

(b) what are the dollar gains to the swap bank. company x and company y? (10)

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.

apex verified answer < 3

: : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : d. choose to : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : :

i really hope this < 3 < 3 < 3