海同学2021-05-04 08:24:11

18、A currency swap has a remaining life of 15 months with pay dates at 3 and 15 months. It involves exchanging interest at 14% on ￡20 million for interest at 10% on $30 million once a year. The term structure of interest rates in both the United Kingdom and the United States is currently flat, and if the swap were negotiated today the interest rates exchanged would be 8% in dollars and 11% in sterling. All interest rates are quoted with annual compounding. The current exchange rate (dollars per pound sterling) is 1.6500. What is the value of the swap to the party paying dollars?不是每年以2000万英镑14% 的利息换取3000万美元10% 的利息。那现金流不是支出英镑，收美元吗？为什么老师说是指美元收英镑？