Company X Wants to Borrow $10,000,000 Floating for 5 Years;

Multiple Choice

Company X wants to borrow $10,000,000 floating for 5 years; company Y wants to borrow $10,000,000 fixed for 5 years. Their external borrowing opportunities are shown below: A swap bank is involved and quotes the following rates five-year dollar interest rate swaps at 10.05%-10.45% against LIBOR flat. Assume company Y has agreed, but company X will only agree to the swap if the bank offers better terms.
What are the absolute best terms the bank can offer X, given that it already booked Y?

A) 10.45%-10.45% against LIBOR flat.
B) 10.45%-10.05% against LIBOR flat.
C) 10.50%-10.50% against LIBOR flat.
D) none of the above.