Pfizer is a U.S. firm with considerable euro assets. It is considering entering into a currency swap

Question:

Pfizer is a U.S. firm with considerable euro assets. It is considering entering into a currency swap involving $10 million of its dollar debt for an equivalent amount of euro debt. Suppose the of the swap is 8 years, and the interest rate on Pfizer’s outstanding 8-year dollar debt is 11%. The interest rate on the euro debt is 9%. The current spot is $1.35/€. How could a swap be structured?

Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars... Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...