Question $19$

$1$ pts

Suppose the quote for a five$-$year swap with semiannual payments is $2\mathrm{.}11-2\mathrm{.}22$ percent in dollars and $3\mathrm{.}60-4\mathrm{.}80$ percent in euro against six$-$month SOFR. The means $$

the swap bank will enter into a currency swap in which it would pay semiannual fixed$-$rate euro payments of $3\mathrm{.}60$ percent against receiving semiannual fixed$-$rate dollar payments of $2\mathrm{.}22$

the swap bank will enter into a currency swap in which it would pay semiannual fixed$-$rate dollar payments of $2\mathrm{.}11$ percent against receiving semiannual fixed$-$rate euro payments of $4\mathrm{.}80.$

that both statements are correct