Question: it says that the correct answer for this is 6 1 2 5 7 4 3 6 7 . 2 6 so I just need
it says that the correct answer for this is so I just need help with the steps to get to that answer Assume Carlton enters into a threeyear fixedforfixed swap agreement to receive Swiss Franc and pay US dollar annually, on a notional amount of $ The spot exchange rate at the time of the swap is SF$ Assume that one year into the swap agreement Carlton decides it wishes to unwind the swap agreement and settle it in dollars. Assuming that a twoyear fixed rate of interest on the Swiss Franc is now and a twoyear fixed rate of interest on the dollar is now and the spot rate of exchange is now SF$ To Carlton, what is the net present value in dollar of the swap agreement? Keep the sign and two decimal places. Japanese yen
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