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Homework Part 1 of 15 O Points: 0 of 2 Save Ganado's Cross-Currency Swap: SFr for US$. Ganado Corporation entered into a 3-year cross-currency interest
Homework Part 1 of 15 O Points: 0 of 2 Save Ganado's Cross-Currency Swap: SFr for US$. 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: CD The notional principal in Swiss francs is SFr ). (Round to the nearest Swiss franc.) Data table (Click on the icon to import the table into a spreadsheet.) 3-Year Bid 5.56% 1.93% Swap Rates Original: US dollar Original: Swiss franc 3-Year Ask 5.59% Assumptioms Notional principal Original spot rate (SFr/$) New (1-year later) spot (SFr/$) New fixed US$ interest New fixed Swiss franc interest Values $11,000,000 1.5500 1.6000 5.20% 2.25% 2.01% Print Done
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