Convert the fixed to floating and floating to fixed via swap

Reference no: EM13338743

1- Purchase $100million par three-year corporate rate @98.5 with 3.75% coupon (semiannual).
2- Purchase $100 Million par three year floating-rate note @ 99 with quarterly coupon of three month Libor + 2.75%
- Three year interest rate swaps with quarterly payments priced @ ask 1.08% (pay 1.08% and receive three month Libor and @ bid 1.05% (receive 1.05% and pay three month Libor)
futures quote payments at the end of each quarter:
1 0.23
2 0.25
3 0.32
4 0.5
5 0.7
6 0.93
7 1.17
8 1.43
9 1.70
10 1.95
11 2.16
12 2.35

* Convert the fixed to floating and floating to fixed via swap any value?
* Recommend the Best alternative?

Reference no: EM13338743

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