Exercise no IV: The company intends to ensure a favorable level of interest rate for transactions for 6 months for the anticipated 3-month cash receipt period in the amount of USD 20000000 . On January 8, 20XX, the company sells a 3:6 FRA contract to the dealer with notional principal of USD 20000000 . On this day, the reference rate 3M LIBOR rate was 1,25%. The FRA contract rate is 1,90%. The contract settlement date is April 8, 20XX. The company expected a decrease in interest rates and, in line with its expectations, rates fell to 1,75% on the settlement date, i.e., on April 6. The reference rate is lower than the FRA contract rate, which is why the dealer pays the settlement value to the company. Exercise no V: We have two commercial entities named A and B. Both want to take external debt from the capital market (let's assume in the form of bonds or loan/ credit) in the value of 50 million USD each. Both they have been offered the various interest rates for the fixed rate instruments and variable rate instruments. Please analyze the possibility to enter of both of them into the swap agreement in which there will and investment bank as intermediary which requires 0,1% renumeration out of the transaction. The profits of both counterparties divide equally. Show the structure of the swap agreement (what loans they will be granted and they are going to swap each other the payments)