Alpha and Beta Companies can borrow for a five-year term at the following rate: look at picture for rest of question.

Alpha and Beta Companies can borrow for a five-year term at the following rates: Required: o. Calculate the quality spread differentlal (QSD). b-1. Develop an interest rate swap in which both Alpha and Beta have an equal cost savings in their borrowing costs. Assume Alpha desires floating-rate debt and Beta desires fixed-rate debt. No swap bank is involved in this transaction. What rate should Alpha pay to Beta? b-2. What rate will Beta pay to Alpha? b-3. Calculate the all-in-cost of borrowing for Alpha and Beta, respectively. Complete this question by entering your answers in the tabs below. Calculate the quality spread differential (QSD). Note: Enter your answers as a percent rounded to 1 decimal place