Question 20 In a currency swap contract, the fixed rate for the dollar arm is 4.6%, the fixed rate for the Swiss Franc arm is
Question 20
In a currency swap contract, the fixed rate for the dollar arm is 4.6%, the fixed rate for the Swiss Franc arm is 6.5%, the payment frequency is 180 days, and the notional amount is for $4m. What is the first payment in the swap's SF arm, if the current exchange rate is $1.25 / SF?
Provide your answer in SF, rounded to two decimals, as a positive number omitting the "SF" sign.
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Authors: Judith J. Baker, R.W. Baker, Neil R. Dworkin
5th Edition
1284118215, 978-1284118216
