> Question 6 4 pts A currency swap has 6 years remaining, calling for swap payments once per year. The US firm initially borrowed $150 million, and is making payments of 5% APR with annual compounding. Simultaneously, the firm lent 176.47 million CAD, and is receiving CAD payments at a rate of 6% APR with annual compounding. What is the value of the swap for the US firm today, given the following term structure of interest rates for each currency, and given that the spot exchange rate today is 0.85 $/CAD? Please enter answer in units of USD millions, rounded to the nearest tenth. So, if answer is $1,205,321, then enter "1.2" as the answer. I allow for variance of 0.1 ($100,000!) and it should be marked correct! Year 0 1 USD INTEREST RATE INFO CAD INTEREST RATE INFO r(0,t) r(0,t) ccpa P(0,t) US | P(0,t) CAD 1.000000000 1 0.0220000 0.978240235 0.03200000 0.968506582 0.0230000 0.955041962 0.03230000 0.937442365 0.0335000 0.904385112 0.03620000 0.897089181 0.0336000 0.874240299 0.03850000 0.857272021 0.0399000 0.819140221 0.03950000 0.820780141 0.0412000 0.780984481 0.04100000 0.781922225 2 3 4 5 6 > Question 6 4 pts A currency swap has 6 years remaining, calling for swap payments once per year. The US firm initially borrowed $150 million, and is making payments of 5% APR with annual compounding. Simultaneously, the firm lent 176.47 million CAD, and is receiving CAD payments at a rate of 6% APR with annual compounding. What is the value of the swap for the US firm today, given the following term structure of interest rates for each currency, and given that the spot exchange rate today is 0.85 $/CAD? Please enter answer in units of USD millions, rounded to the nearest tenth. So, if answer is $1,205,321, then enter "1.2" as the answer. I allow for variance of 0.1 ($100,000!) and it should be marked correct! Year 0 1 USD INTEREST RATE INFO CAD INTEREST RATE INFO r(0,t) r(0,t) ccpa P(0,t) US | P(0,t) CAD 1.000000000 1 0.0220000 0.978240235 0.03200000 0.968506582 0.0230000 0.955041962 0.03230000 0.937442365 0.0335000 0.904385112 0.03620000 0.897089181 0.0336000 0.874240299 0.03850000 0.857272021 0.0399000 0.819140221 0.03950000 0.820780141 0.0412000 0.780984481 0.04100000 0.781922225 2 3 4 5 6