Suppose Morgan Guaranty, Ltd. is quoting swap rates as follows: 7.75-8.10 percent annually against six-month dollar LIBOR

Question:

Suppose Morgan Guaranty, Ltd. is quoting swap rates as follows: 7.75-8.10 percent annually against six-month dollar LIBOR for dollars and 11.25-11.65 percent annually against six-month dollar LIBOR for British pound sterling. At what rates will Morgan Guaranty enter into a $/£ currency swap?