Assume that 1 year has passed since you entered into the transaction described in problem 4. Assume that the new spot exchange rate is CHF1.45/$ and that UBS is now quoting the following interest rates on 4-year swaps: U.S. Dollars: 7.50% bid and 7.60% offered against the 6-month dollar LIBOR Assume that 1 year has passed since you entered into the transaction described in problem 4. Assume that the new spot exchange rate is CHF1.45/$ and that UBS is now quoting the following interest rates on 4-year swaps: U.S. Dollars: 7.50% bid and 7.60% offered against the 6-month dollar LIBOR