2. Broadmore Corp. entered into a three-year cross-currency interest rate swap to receive U.S. dollars and pay British pounds. United Enterprises, however, decided to unwind the swap after one yearthereby having two years left on the settlement costs of unwinding the swap after one year. Use the following rates to create and then unwind the swap. Notational principal $10,000,000 Original spot exchange rate $1.30/ New (1 year later) spot exchange rate $1.40/ Original USD interest rate (annual) 5.2% Original UK interest rate (annual) 4.5% New (1 year later) USD interest rate 5.5% New (1 year later) UK interest rate 5.0% a. Show the swap payments for the original swap. b. What is the value of the swap at unwind in 1 year? Who pays whom?