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Find the dollar value today to the party paying dollars of a 7-year old swap with 3 years remaining maturity. The swap calls for exchanging

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Find the dollar value today to the party paying dollars of a 7-year old swap with 3 years remaining maturity. The swap calls for exchanging interest only on 10m at 6% for $15m at 4%, semiannual payments, and the last payment was yesterday. Today s exchange rate is $1.30/ and the AAA rate is 2% in the U.S. and 2.5% in the euro zone. Round to nearest dollar. Selected Answer: (None Given]

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