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The present value of the series of dollar payments in a currency swap per $1 notional amount is $0.03. The present value of the series
The present value of the series of dollar payments in a currency swap per $1 notional amount is $0.03. The present value of the series of euro payments in the same currency swap per 1 is 0.0225. The current exchange rate is $1.05 per euro. If the swap has a notional amount of $100 million and 105 million, find the market value of the swap from the perspective of the party paying euros and receiving dollars. show your work
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