James prefers a fixed rate loan and has loans available at floating rate (LIBOR+0.5%) or at fixed rate (10.75%). Jane prefers a floating rate loan and has loans available at floating rate...

James prefers a fixed rate loan and has loans available at floating rate (LIBOR+0.5%) or
at fixed rate (10.75%). Jane prefers a floating rate loan and has loans available at floating
rate (LIBOR+0.25%) or at fixed rate (10%). Discuss how James and Jane can use swaps
to their advantage