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Consider the following table of swap quotes to GM and Sony, two companies with similar credit ratings. Swiss franc USD Bid Bid Ask 0.98 Ask
Consider the following table of swap quotes to GM and Sony, two companies with similar credit ratings. Swiss franc USD Bid Bid Ask 0.98 Ask 3.57 1 year 0.92 3.54 2 years 1.23 1.31 3.90 3.94 4.13 3 years 1.52 1.58 4.11 If GM is swapping out of Swiss franc debt, what is the present value of the following GM swap cash flows: CHF 3 million in year 1 and 2 and CHF 103 million in year 3? (Note: give your answer in millions of CHF with two decimal places.) Consider the following table of swap quotes to GM and Sony, two companies with similar credit ratings. Swiss franc USD Bid Bid Ask 0.98 Ask 3.57 1 year 0.92 3.54 2 years 1.23 1.31 3.90 3.94 4.13 3 years 1.52 1.58 4.11 If GM is swapping out of Swiss franc debt, what is the present value of the following GM swap cash flows: CHF 3 million in year 1 and 2 and CHF 103 million in year 3? (Note: give your answer in millions of CHF with two decimal places.)
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