Consider a 3-ycar annual currency swap that takes place between a foreign firm (FF) with FC currency units and a U.S. firm (USF) with $ currency units. USF is the fixed- rate payer and FF is the floating-rate payer. The fixed interest rate at the initiation of the swap is 796, and 896 at the end of the swap. The variable rate is 5% currently; 6% at the end of year 1,8% at the end of year 2; and 7% at the end of year 3, At the beginning of the swap, $1.0 million is exchanged ar an exchange rate of FC2.0 $1.0. At the end of the swap period the exchange rate is FC 1.5 -$1.0 Note: With this currency swap, end-of-period payments are based on beginning-of- period interest rates. At the initiation of the swap, which of the following statements is most likely correct? A. FF gives USF $1.0 million. B. USF gives FF $1.0 million C. USF gives FF FC2.0 million. Consider a 3-ycar annual currency swap that takes place between a foreign firm (FF) with FC currency units and a U.S. firm (USF) with $ currency units. USF is the fixed- rate payer and FF is the floating-rate payer. The fixed interest rate at the initiation of the swap is 796, and 896 at the end of the swap. The variable rate is 5% currently; 6% at the end of year 1,8% at the end of year 2; and 7% at the end of year 3, At the beginning of the swap, $1.0 million is exchanged ar an exchange rate of FC2.0 $1.0. At the end of the swap period the exchange rate is FC 1.5 -$1.0 Note: With this currency swap, end-of-period payments are based on beginning-of- period interest rates. At the initiation of the swap, which of the following statements is most likely correct? A. FF gives USF $1.0 million. B. USF gives FF $1.0 million C. USF gives FF FC2.0 million