From the perspective of the issuer, construct a synthetic dual-currency bond in which the principal is paid in US dollars and the interest is paid in Swiss francs. The face value will be $20 million, and the interest rate will be 5% in Swiss francs. The exchange rate is $0.80/SF. Assume that the appropriate interest rate for a $20 million bond in dollars is 5.5%. The appropriate fixed rates on a currency swap are 5.5% in dollars and 5.0%

in Swiss francs.