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DVR Incorporated can borrow dollars for five years at a coupon rate of 2 . 9 4 percent. Alternatively, it can borrow yen for five

DVR Incorporated can borrow dollars for five years at a coupon rate of 2.94 percent. Alternatively, it can borrow yen for five years at a rate of 1.04 percent. The five-year yen swap rates are 0.830.70 percent and the dollar swap rates are 2.602.63 percent. The currency per dollar exchange rate is 87.670. Determine the dollar AIC and the dollar cash flow that DVR Incorporated would have to pay under a currency swap where it borrows 1,750,000,000 and swaps the debt service into dollars.Use CURSWAP.xls

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