(Solved by Humans)-A. Companies X and Y have been offered the following rates per

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Type of Paper:

Academic Level: Undergrad. (yrs 3-4)

Paper Format: APA

Pages: 5 Words: 1375

Question

A. Companies X and Y have been offered the following rates per annum on 1 million dollars of investments

Company: Fixed rate(In percent)/Floating rate(in percent)

X: 9.97/ LIBOR + 0.5

Y: 11.7/ LIBOR + 0.6?

Compsnu X requires a fixed rate investment and company Y requires a floating rate investment. Design a swap that will net a bank acting as a financial intermediary (F.I) ?30 percent of the benefits and be equally attractive to both companies. Draw a complete picture to show the exact transactions and check that the F.I, X, and Y are better off in your swap deal by receiving benefits exactly as asked. Find the following in your swap scheme with all numerical values

1. Benefits of swap in dollar per year

2. Return on Y's investment in capital markets in dollar per year

3. Receipt by F.I from Y in dollar per year

4. Receipt by X from F.I in dollar per year



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