What is the value of an existing currency swap position in which the counterparty agrees to swap

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What is the value of an existing currency swap position in which the counterparty agrees to swap a two-year, 10% loan of $14.6 million for a two-year, 7% loan of £10 million if the current dollar rate is 9%, sterling rate is 7.5%, and spot $/£ exchange rate is $1.45/£?

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