Consider a currency swap with 3 years remaining. A financial institution receives 3.0% per annum in sterling (GBP) and pays 1.5% per annum in dollars once a year. The LIBOR interest rate curve with continuous compounding is flat in both countries. The British rate is 2.5% per annum and the US rate is 2.0% per annum. The principal amounts are 10 million pounds and $15 million dollars, and the current exchange rate is $1.5 = 1.

By valuing the currency swap as fixed-rate bonds, what is:

A.The value of the dollar bond in $?

B.The value of the sterling bond in ?

C.The value of the currency swap in $?