Question: Use EXCEL formulas only to answer this qustion a Part 3) Adidas AG a German multinational, wishes to borrow U.S. dollars at a fixed rate

Use EXCEL formulas only to answer this qustion

a Part 3) Adidas AG a German multinational, wishes to borrow U.S. dollars at a fixed rate of interest. Nike Inc, a U.S. multinational, wishes to borrow euros at a fixed rate of interest. They have been quoted the following rates per annum (adjusted for differential tax effects): Euros US Dollars Adidas 9.6% Nike 6% 10.0% Deutsche Bank will act as an intermediary, it requires 8 basis points per annum to facilitate the swap Design a swap that will produce a gain of 16 basis points per annum for each of the two companies. a

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