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4. Two counterparties agree to enter a foreign currency swap between American dollars and Swiss francs. One dollar is currently worth 1.4 francs. The American

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4. Two counterparties agree to enter a foreign currency swap between American dollars and Swiss francs. One dollar is currently worth 1.4 francs. The American dollar payer will provide $500,000. The interest rate on the dollar is 9%, and the Swiss franc rate is 8%. The swap calls for a life of three years with annual payments. (b.) If the interest rates do not change, what is the annual dollar interest payment for the foreign borrower of dollars

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