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Company X wants to borrow $10,000,000 floating for 1 year; company Y wants to borrow £5,000,000 fixed for 1 year.The spot exchange rate is $2 = £1 and IRP calculates the one-year forward rate as $2.00*(1.08) /£1.00*(1.06) = $2.0377/£1.Their external borrowing opportunities are:
A swap bank wants to design a profitable interest-only fixed-for-fixed currency swap.In order for X and Y to be interested,they can face no exchange rate risk
What must the values of A and B in the graph shown above be in order for the swap to be of interest to firms X and Y?
Safety Committee
A group within an organization responsible for promoting health and safety in the workplace, often by identifying risks and proposing measures to reduce them.
Safety Officer
An individual responsible for ensuring workplace safety, making sure all regulations and policies related to health and safety are followed.
Unsafe Work
Conditions or practices in the workplace that significantly increase the risk of injury, illness, or death to employees.
Limited Right
A specific legal entitlement or permission that is restricted by terms or conditions.
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