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Help with Swaps
Can someone help me with this problem:
8. Swaps, I. Miss Molly.com and MaxFu Enterprises have been offered the following rates per annum on a $20,000,000 5-year loan: Fixed Rate Floating Rate Miss Molly.com 7.0% LIBOR + 0.1% MaxFu Enterprises 9.9% LIBOR + 2.7% Miss Molly.com requires a floating rate loan. MaxFu Enterprises requires a fixed-rate loan. Design an interest rate swap that benefits Miss Molly.com twice as much as it does MaxFu Enterprises. |
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