ACI Dealing Certificate (#417)

Hybex Electrics is a highly rated company with a considerable amount of fixed rate liabilities and would like to increase the percentage of floating rate debt. Which of the following is the best course of action?

Hybex should become a payer of a fixed rate on a swap against receipt of LIBOR.
Hybex should become a receiver of a floating rate on a swap against payment of a fixed rate
Hybex should become a receiver of a fixed rate on a swap against payment of LIBOR D.
Hybex should become a receiver of a floating rate on a swap against payment of LIBOR