A US company has entered into an interest rate swap with a dealer in which the notional principal is $50 million. The company will pay a floating rate of LIBOR and receive a fixed rate of 5.75%. Interest is paid semi-annually, and the current LIBOR=5.15%. What is the total amount that the asset manager will pay to (or receive from) the dealer EVERY half of the year after cash settlement ? Assume that every year we have 360 days, and each semi-annual payment is made on 180 days from the last payment.

[Note: You should use a positive number to represents the amount the asset manager pay to the dealer. You should use a negative number represents the amount that asset manager receive from the dealer]

A US company enters into a currency swap in which pays a fixed rate of 5.5% in euros and the counterparty pays a fixed rate of 6.75% in dollars. The notional principals are $100,000,000 and 116,500,000 million. Payments are made semi-annually and on the basis of 30 days per month and 360 days per year.

Calculate the semi-annual payments that the US company receives from its counterparty.

A US company enters into a currency swap in which pays a fixed rate of 5.5% in euros and the counterparty pays a fixed rate of 6.75% in dollars. The notional principals are $100,000,000 and 116,500,000 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.