Apple holds a swap in which it receives 2 per annum on JPY and pay 5 per annum on USD The current exchange rate is JPY 1 0 0 USD 1 The notional value are USD $ 1 B and JPY 1 0 0 B the swap has 3 years remaining life The current discount rate in US is 6 and 3 in Japan Calculate the swap value that s...

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Apple holds a swap in which it receives 2 % per annum on JPY and pay 5

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Question:

Apple holds a swap in which it receives

2 %

per annum on JPY and pay

5 %

per

annum on USD. The current exchange rate is JPY

100 /

USD

1 .

The notional value are

USD $

1

B and JPY

100

.

the swap has

3

years remaining life. The current discount

rate in US is

6 %

and

3 %

in Japan. Calculate the swap value that should be recorded

on Apple's balance sheet?

Posted Date: May 18, 2024 04:05 PM

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Apple holds a swap in which it receives 2 % per annum on JPY and pay 5

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