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International Financial Management 2nd Edition by Geert Bekaert ,Robert Hodrick
Edition 2ISBN: 978-0132162760International Financial Management 2nd Edition by Geert Bekaert ,Robert Hodrick
Edition 2ISBN: 978-0132162760 Exercise 13
The swap desk at UBS is quoting the following rates on 5-year swaps versus 6-month dollar LIBOR:
U.S. Dollars: 8.75% bid and 8.85% offered
Swiss Francs: 5.25% bid and 5.35% offered
You would like to swap out of Swiss franc debt with a principal of CHF25,000,000 and into fixed-rate dollar debt. At what rates will UBS handle the transaction If the current exchange rate is CHF1.3 / $, what would the cash flows be
U.S. Dollars: 8.75% bid and 8.85% offered
Swiss Francs: 5.25% bid and 5.35% offered
You would like to swap out of Swiss franc debt with a principal of CHF25,000,000 and into fixed-rate dollar debt. At what rates will UBS handle the transaction If the current exchange rate is CHF1.3 / $, what would the cash flows be
Explanation
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US dollar and Swiss francs bid and the o...
International Financial Management 2nd Edition by Geert Bekaert ,Robert Hodrick
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