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Thank you very much sir!
Noticed also we need to divide the premium from the table by 100 if we opt for option 2.
Rather than looking at which party would want to borrow at which rate, you should consider the benefit each party has either at floating rate or fixed rate. Thus, compare floating rate and fixed rate between the two parties – the difference would be the benefit.
Also CMC has similar SWAP question you can try out.
