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Please show your work thank you! Using the table of swap rates assume Trident enters into a swap agreement to receive euros and pay Japanese
Please show your work thank you!
Using the table of swap rates assume Trident enters into a swap agreement to receive euros and pay Japanese yen, on a notional principal of 6,000,000. The spot exchange rate at the time of the swap is 104/. Assumptions Values Swap Rates 3-year bid 3-year ask Notional principal 6,000,000 euros 3.22% 3.26% Spot exchange rate 104.00 Japanese Yen 0.54 0.57 a. Calculate all principal and interest payments, in both euros and yen, for the life of the swap agreement
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