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Walmart would like to borrow $2,500,000 and can borrow at 6.04% or $8.15%. A Swap Bank quotes GBP (6.04 - 7.14%) and USD (7.00 -
Walmart would like to borrow $2,500,000 and can borrow at 6.04% or $8.15%. A Swap Bank quotes GBP (6.04 - 7.14%) and USD (7.00 - 7.71%). How much will Walmart save if it enters a currency swap agreement? [note: your answer should be in dollars]
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