96. A company and its bank have entered into a currency swap in which the company pays USD to
the bank. The currency swap details are provided below:
Swap # Days # Days
Notional FX Rate Rate Period Year
Company USD130,000,000 USD 1.30 4.00% 180 360
Bank EUR100,000,000 EUR 1.00 2.00% 180 360
Which of these interest payments will most likely be made by one of the parties in the
transaction?
A. Bank will make a payment of USD 1,000,000.
B. Bank will receive a payment of USD 2,600,000.
C. Company A will receive a payment of EUR 1,300,000.
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