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A US company enters into a currency swap in which pays a fixed rate o in euros and the counterparty pays a fixed rate of
A US company enters into a currency swap in which pays a fixed rate o in euros and the counterparty pays a fixed rate of in dollars. The notional principals are and million. Payments are made semi-annually and on the basis of 30 days per month and 360 days per year.
Calculate the initial exchange of payments that the US company pays to the counterparty.
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