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The domestic firm needs to have euros, so it swaps with a foreign dealer and obtains 80,000,000 euros, paying 5.4% on semi-annual basis while the

The domestic firm needs to have euros, so it swaps with a foreign dealer and obtains 80,000,000 euros, paying 5.4% on semi-annual basis while the dealer obtains $90,000,000 paying a rate of 5%. Use a 30-day months and 360-day years to calculate the first payment from the domestic firm to the dealer. Answer to the nearest Euro

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