Assume that Caterpillar's pays 3.25% per annum to its lenders for the next four years. Next, suppose that Caterpillar and UBS (a financial institution) enter the following four year interest rate swap: Catepillar receives X% per annum fixed from UBS and pays LIBOR to UBS. All payments are made annually. Catepillar's net interest paid after it enters the swap is LIBOR+0.20% per annum. In this case, Catepillar transforms into and X equals to a. Floating Rate Investment; Fixed Rate Investment; 3.45% b. Fixed Rate Liability; Floating Rate Liability; 3.05% c. Floating Rate Liability; Fixed Rate Liabslity; 3.25% d. Fixed Rate Investment; Floating Rate Investment; 3.05\% e. Fixed Rate Liability; Floating Rate Liability; 3.45%