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21) Suppose that the swap that you proposed is now 4 years old (i.e., there...

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21) Suppose that the swap that you proposed is now 4 years old (i.e., there is exactly one year to go on the swap). The fourth payment has already been made. If the spot exchange rate prevailing in year 4 is $1.8778 1 and the 1-year forward exchange rate prevailing in year 4 is $1.95 1. correct rates would be as shown. 21) Suppose that the swap that you proposed is now 4 years old (i.e., there is exactly one year to go on the swap). The fourth payment has already been made. If the spot exchange rate prevailing in year 4 is $1.8778 1 and the 1-year forward exchange rate prevailing in year 4 is $1.95 1. correct rates would be as shown

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