Question: Amazon would like to get a floating rate loan $10,000,000. It can borrow at 8.01% or Libor +1%. A swap bank quotes 7.477.75 against flat

Amazon would like to get a floating rate loan $10,000,000. It can borrow at 8.01% or Libor +1%. A swap bank quotes 7.477.75 against flat Lbor. How much can Amaxon save (in basis points) by entering a swap agreement

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