Question 1b
Marking Guide
| comparative advantage and recognition of benefit as a result | 2 |
| initial decision to borrow fixed by cmc co and floating by counter party | 1 |
| swap impact | 2 |
| net benefit after bank charges | 1 |
| 6 |
| comparative advantage and recognition of benefit as a result | 2 |
| initial decision to borrow fixed by cmc co and floating by counter party | 1 |
| swap impact | 2 |
| net benefit after bank charges | 1 |
| 6 |