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In a fixed - for - fixed currency swap, 2 % on a US dollar principal of $ 1 1 1 million is received and
In a fixedforfixed currency swap, on a US dollar principal of $ million is received and on a British pound principal of million
pounds is paid. The current exchange rate is dollar per pound. Interest rates in both countries for all maturities are currently
continuously compounded Payments are exchanged every year. The swap has years left in its life. What is the value of the swap to the US
dollar receiver, in millions of dollars?
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