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Trident's Cross-Currency Swap: Yen for Euros. Using the same table of swap rates (Exhibit 9.8), assume Trident enters into a swap agreement to receive euros

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Trident's Cross-Currency Swap: Yen for Euros. Using the same table of swap rates (Exhibit 9.8), assume Trident enters into a swap agreement to receive euros and pay Japanese yen, on a notional principal of 65,000,000. The spot exchange rate at the time of the swap is V104/E. a Calculate all principal and interest payments, in both euros and Swiss francs, for the life of the swap agreement. (Use Exhibit 9.9 as a guide.) b. Assume that one year into the swap agreement Trident decides it wishes to unwind the swap agreement and settle it in euros. Assuming that a two-year fixed rate of interest on the Japanese yen is now 0.80%, and a two-year fixed rate of interest on the euro is now 3.60%, and the spot rate of exchange is now V114/6, what is the net present value of the swap agreement? Who pays whom what

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