Question: please show all working out 0 / 1 pts Question 5 You signed a 10-year interest swap (principal USD 1,000,000) with annual payments to pay

please show all working out 0 / 1 pts Question 5 You please show all working out

0 / 1 pts Question 5 You signed a 10-year interest swap (principal USD 1,000,000) with annual payments to pay LIBOR USD and receive fixed CHF. The quote is CHF 6%-6.1% The spot rate at the time of the was CHF 0.9/ USD. Two years later you want to unwind the swap. The USD interest rate is 4% and the CHF interest rate is also 4%. What is the value of the swap in USD if the spot rate is 0.86? (round to the nearest $)

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