NO.PZ2020021204000046
问题如下：
Suppose that the quotes for a five-year interest rate swap are bid 3.2,ask3.24 a company can borrow at Libor plus 50 basis points but wants to borrow for five years at a fixed rate. What swap should the company enter into? What rate of interest does the company end up borrowing at? (Assume that the spread above Libor at which the company borrows does not change.)
选项：
解释：
The company should arrange to pay fixed and receive floating to convert the floating-rate loan to a fixed-rate loan. It will accept the ask quote of 3.24. Its cash flows will be
• Pay 3.24%,
• Receive Libor, and
• Pay Libor + 0.5%.
These net to 3.74%.
这道题和前面有个题类似，公司borrow fix又想borrow floating，请问这两道题如何区分？
我怎么都理解不了。。。都是borrow，第一道题取bid 3.2，当做received来理解，这道题取ask 3.24，当做pay来理解。
但原题写的都是the company can borrow，请问老师是如何区分何时该用bid价格，何时用ask价格，请把两道题联系到一起讲解区分，谢谢。
