问题
单项选择题
Party C and D hold German marks and U. S. dollars respectively. The spot exchange rate between German marks and U. S. dollars is 2.5 marks per dollar. Party C holds 25 million marks and wants dollars. Assume the tenor of the swap is 7 years. Party C is a German firm with access to marks at a rate of 7% , while Party D must pay 8% to borrow marks. Party D, however, can borrow dollars at 9%, while Party C must pay 10% for its dollar borrowings. The annual amount received by Party C is:
A．
| A. DM 25 million. |
B．
| B. $10 million. |
C．
| C. DM 2 million. |
答案
参考答案：C
解析：The annual amount received by Party C is DM 2 million. $10 million × 2.5 = DM 25 million DM 25 million × 8% = DM 2 million