8. Trident's Cross-Currency Swap: Sfr for US$. Trident entered into a three-year cross currency interest rate swap in the chapter to receive U.S. dollars and pay Swiss francs. Trident, however, decided to unwind the swap after one year-thereby having two years left on the settlement costs of unwinding the swap after one year. Repeat the calculations for unwind- ing, but assume that the following rates now apply:

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Two-year Swiss franc interest rate 5.20% per annum Two year US dollar interest rate Spot exchange rate 2.20% per annum SF1.5560/$