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A U.S. firm borrowed euros at a variable rate several years ago, but now euro interest rates are rising along with the $/euro exchange rate.

A U.S. firm borrowed euros at a variable rate several years ago, but now euro interest rates are rising along with the $/euro exchange rate. To limit their risk, the firm could use a currency swap with a set exchange rate where the U.S. firm will pay what and receive what?

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