The spot exchange rate is $1\mathrm{.}05$ USD$/$EUR$.$ In a currency swap with a notional value of $1$ million EUR, Company A is entering the swap to hedge existing exposure to a USD$-$denominated fixed$-$rate liability. Which of the following is true?

Question $1$ options:

Company A will pay $1$ million euros at the initiation of the swap

Company A will pay $1\mathrm{.}05$ million dollars at the initiation of the swap

Company A will pay $1\mathrm{.}05$ million dollars at the termination of the swap

Company A will receive $1$ million euros at the termination of the swap