Suppose the quote for a five$-$year swap with semiannual payments is $8\mathrm{.}50-8\mathrm{.}60$ percent in dollaps and $6\mathrm{.}50-6\mathrm{.}80$

percent in euro against six$-$month dollar LIBOR. This means

the swap bank will enter into a currency swap in which it would pay semiannual fixed$-$rate dollar payments of $8\mathrm{.}50$ percent against

receiving semiannual fixed$-$rate euro payments of $6\mathrm{.}80.$

the swap bank will enter into a currency swap in which it would pay semiannual fixed$-$rate euro payments of $6\mathrm{.}60$ percent against

receiving semiannual fixed$-$rate dollar payments of $8\mathrm{.}60.$

both a$)$ and b$)$

none of the above