Assume Carlton enters into a threeyear fixedforfixed swap agreement to receive Swiss Franc and pay US dollars annually, on a notional amount of $ The spot exchange rate at the time of the swap is SF$
Assume that one year into the swap agreement, Carlton decides it wishes to unwind the swap agreement and settle it in dollars. Assuming that a twoyear fixed rate of interest on the Swiss Franc is now and a twoyear fixed rate of interest on the dollar is now and the spot rate of exchange is now SF$ To Carlton, what is the swap agreement's net present value in dollarsKeep the sign and two decimal places.
tableEuroSwiss franc,U S dollar,Japanese yen,YearsBid,Ask,Bid,Ask,Bid,Ask,Bid,Ask
