Can someone please type the answer in the form of Sir’s Calci strokes?
Here’s what I did. Can someone tell where I went wrong?
Step 1: Value of Fixed Swap would be = Coupon *Annuity Factor + Principal* Discounting Factor (which according to my calculation is coming to 20036776)
Step 2: Value of Floating Swap would be 20000000
Therefore value of Swap should have been= Fixed – Floating= 63776.
https://forum.sseiqforum.com/question/derivatives-swaps-2/