A Swap Bank (swap dealer) brokers a 100M for $150M swap between Company A and Company B, where Company A wishes to be net $ (USD) borrower and B wants to be a net (EUR) borrower.

Given the spot exchange rate is S₀($/) = $1.50/, the Swap Bank wants to make 20 bps off each swap, and Company A and Company B face the following borrowing terms:

Company USD rates EUR rates A 5% 6% B 2% 5%

Determine the Following for this Swap:

1. What is Company A's payment at each annual settlement date?
2. What is Company B's payment at each annual settlement date?
3. What is the Swap Bank's Annual Net Revenue (assume the exchange rate doesn't change)?