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A swap established 4 years ago has 3 years remaining maturity. The swap calls for exchanging interest only on euro10m at 5% for 15m at

A swap established 4 years ago has 3 years remaining maturity. The swap calls for exchanging interest only on euro10m at 5% for 15m at 3%. Assume semiannual payments and the last payments were exchanged yesterday. today's exchange rate is $1.3/euro and the interst rate os 2% in the U.S and 2.5% in the euro zone. Find the value today to the party paying dollars of this swap.

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