Question: Alpha and Beta companies can borrow for a five year term at the following rates shown in the table. Alpha desires floating-rate debt and Beta

Alpha and Beta companies can borrow for a five year term at the following rates shown in the table. Alpha desires floating-rate debt and Beta desires fixed-rate debt. If Alpha and Beta enter a direct swap (no swap bank involved) and agree to share savings equally, what will be the net saving: each bank? 0.42%0%0.75%0.33%

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