User Account

All Pages

What is the value of the swap to citi in usd

Assignment Help Finance Basics
Reference no: EM132675852

ANZ entered a swap agreement with Citi. In this swap contract, ANZ receives 8% per annum in AUD and pays 7% per annum in USD to Citi. The principals are 10 million AUD and 8 million USD, respectively. For all maturities, the AUD interest rate is 7% per annum, and the USD interest rate is 5% per annum. Assume all interest rates are continuously compounded. One AUD is currently worth 0.7 USD. Payments are exchanged every year, with one exchange having just taken place. The swap will last two more years. What is the value of the swap to Citi in USD? Show your step-by-step workings.

Reference no: EM132675852

Questions Cloud

What is the amount of Medicare tax : Skylar is single and earns $410,000 in salary during 2019. What is the amount of 0.9 percent Medicare tax for high-income taxpayers
Describe the meaning of put-call parity : The call sells for $2 and the put sells for $1.5. The risk-free rate is 10% per annum for all maturities, and the current stock price is $20.
What is the proper tax treatment of the Social Security : Bob employs a maid to clean his house. He pays her $1,040 during the current year. What is the proper tax treatment of the Social Security and Medicare tax
The way nodes on network are connected to each other : A network topology is the shape, or pattern, of the way nodes on the network are connected to each other.
What is the value of the swap to citi in usd : The swap will last two more years. What is the value of the swap to Citi in USD? Show your step-by-step workings.
What would you do to improve the quality of the analysis : What would you do to improve the quality of the analysis? Few areas of focus: classification and quantification of impacts, monetary valuation of impacts
Mayor samantha smith professional speechwriter : Imagine you were recently promoted and now serve as Mayor Samantha Smith's professional speechwriter.
What is the value of the swap to cba in aud : The swap will last two more years. What is the value of the swap to CBA in AUD? Show your step-by-step workings.
What is the amount of Roberta self-employment tax : For 2019, Roberta is a self-employed truck driver with earnings of $47,000 from her business. What is the amount of Roberta self-employment tax

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd