Question: XCo enters into a 3 - year US $ / Euro swap with YCo on a notional principal amount of Euros 1 5 million

XCo enters into a 3-year US\$ / Euro swap with YCo on a notional principal amount of Euros 15 million (US \(\$ 116,815,000\) at current spot rate). XCo agrees to pay YCo \(4.75\%\) semi-annually in Euros. YCo agrees to pay US\$ SOFR6+50 bps semi-annually. a. Based on the following market data, calculate the net Euro payment from XCo. (10 marks)Net \$ receipt /(payment)
XCo enters into a 3 - year US \ $ / Euro swap

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