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Suppose the U.S. yleld curve is flat at 4% and the euro yield curve is flat at 3%. The current exchange rate is $1.45 per

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Suppose the U.S. yleld curve is flat at 4% and the euro yield curve is flat at 3%. The current exchange rate is $1.45 per euro. What will be the swap rate on an agreement to exchange currency over a 3-year period? The swap will call for the exchange of 23 million euros for a given number of dollars in each year. (Do not round Intermediate calculations. Enter your answer in millions rounded to 4 decimal places.) Answer is complete but not entirely correct. 1.4770 million per year Swap rate

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