The swap desk at UBS is quoting the following rates
January 7th, 2018
The swap desk at UBS is quoting the following rates on 5-year swaps versus 6-month dollar LIBOR:U.S. Dollars: 8.75% bid and 8.85% offeredSwiss Francs: 5.25% bid and 5.35% offeredYou would like to swap out Swiss franc debt with a principal of CHF25,000,000 and into fix-rate dollar debt. At what rate will UBS handle the transaction? If the current exchange rate is CHF1.3/$, what would the cash flow be?