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Ashton Bishop is the debt manager for World-Telephone, which needs C3.48 billion Euro financing for its operations. Bishop is considering the choice between issuance of

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Ashton Bishop is the debt manager for World-Telephone, which needs C3.48 billion Euro financing for its operations. Bishop is considering the choice between issuance of debt denominated in: - Euros (C), or - US, dolars, accompanied by a combined interest rate and currency swap. Bishop believes that issuing the US-dollar debt and entering into the swap can lower World's cost of debt by 45 basis points. Immediately afer selling the debt issue. World would swap the US. dollar poyments for Euro payments throughout the maturity of the debt. She assumes a constant currency exchange rate throughout the tenor of the swap. Required: b. Enter the nosional principal and interest payment cash flows of the combined interest rate and currency swap. Note: Round the final answers to two decimal places

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