Question: You can borrow cad at 8 percent, which is 2 percent above the swap rate, or at cad libor + 1 percent. If you want

You can borrow cad at 8 percent, which is 2 percent above the swap rate, or at cad libor + 1 percent. If you want to borrow at a fixed-rate, what is the best way: direct, or synthetic (that is, using a floating-rate loan and a swap)?

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