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Ganado's Cross-Currency Swap: SFr for US$. Ganado Corporation entered into a 3-year cross-currency interest rate swap to receive U.S. dollars and pay Swiss francs. Ganado,
Ganado's Cross-Currency Swap: SFr for US$. Ganado Corporation entered into a 3-year cross-currency interest rate swap to receive U.S. dollars and pay Swiss francs. Ganado, however, decided to unwind the swap after one yearthereby having two years left on the settlement costs of unwinding the swap after one year. Repeat the calculations for unwinding, but assume that the following rates now apply: B The notional principal in Swiss francs is SFr. (Round to the nearest Swiss franc.) - X Data table (Click on the icon to import the table into a spreadsheet.) Assumptioms Values Swap Rates Notional principal $10,500,000 Original: US dollar Original spot rate (SF/S) 1.5500 Original: Swiss franc New (1-year later) spot (SFr!$) 1.6000 New fixed US$ interest 5.20% New fixed Swiss franc interest 2.50% 3-Year Bid 5.56% 1,93% 3-Year Ask 5.59% 2.01% Print Done
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