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You signed a 10-year interest swap (principal USD 1,000,000) with annual payments to receive LIBOR USD and pay LIBOR CHF. The spot rate at the

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You signed a 10-year interest swap (principal USD 1,000,000) with annual payments to receive LIBOR USD and pay LIBOR CHF. The spot rate at the time of the was CHF 0.97 USD. Two years later you want to unwind the swap. The USD interest rate is 4% and the CHF interest rate is also 4%. What is the value of the swap in USD if the spot rate is 0.93?(round to the nearest $)

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