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Please show calculations Company X wants to borrow 510,000,000 for 5 years: company Y wants to borrow 5,000,000 for 5 years. The exchange rate is

Please show calculations
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Company X wants to borrow 510,000,000 for 5 years: company Y wants to borrow 5,000,000 for 5 years. The exchange rate is $2.1 and is not expected to change over the next 5 years. Their external borrowing opportunities are shown here $Borrowing Borrowing Cost 10.5% E 13% Company X Company Y A swap bank proposes the following interest only swap: X will pay the swap bank annual payments on $10,000,000 with the coupon rate of 9.80 percent in exchange the swap bank will pay to company interest payments on 15.000.000 at a foxed rate of 10.5 percent. Y will pay the swap bank interest payments on S.000.000 at a fixed rate of 12.30 percent and the swap bank will pay Yannual payments on $10,000,000 with the coupon rate of 12 percent x 99.8%,,_swar 10.500 BANK $1200, 1280 What is the value of this swap to the swap bank

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