2019, Argonaut Inc. (US took out a yew, 6% coupon, interest-only loan outstanding. The loan was denominated in dollars at a par value of $500 million. At the same time. Beowulf Co. (Norway borrowed a 5 year, 10% coupon, interest-only foon outstanding denominated in ours, with a par value of 300 million Assume that Angout and Bowill swapped abilities in 2019, with ING Bank serving as intermediary. Also assume that immediately after making its first $30 million Interestinyent to the bank in 2020 Beowulf defaults on its obligation to the bank, so the swap with Arorat must be unwound if interest rates on what were similar risk Mobiles when the swap was first booked are now in the US and 9% in Norway, and if the spot rate at the time in 2020) is $150/estinute any gain or los med by ING Bank 2019, Argonaut Inc. (US took out a yew, 6% coupon, interest-only loan outstanding. The loan was denominated in dollars at a par value of $500 million. At the same time. Beowulf Co. (Norway borrowed a 5 year, 10% coupon, interest-only foon outstanding denominated in ours, with a par value of 300 million Assume that Angout and Bowill swapped abilities in 2019, with ING Bank serving as intermediary. Also assume that immediately after making its first $30 million Interestinyent to the bank in 2020 Beowulf defaults on its obligation to the bank, so the swap with Arorat must be unwound if interest rates on what were similar risk Mobiles when the swap was first booked are now in the US and 9% in Norway, and if the spot rate at the time in 2020) is $150/estinute any gain or los med by ING Bank