NO.PZ2023020101000016
问题如下：
Mehta, who is based in Hong Kong SAR and
requires a €25,000,000 one-year bridge loan to fund operations in Germany. He
wants to fund this loan at a competitive rate. Riley advises Mehta to borrow in
HK dollars and enter into a one-year foreign currency swap to swap into euros.
The current exchange rate is HK$9.15 per euro. Exhibit 1 below provides Hong
Kong and euro spot interest rates and present value factors.
Exhibit
1: Hong Kong and Euro Spot Interest Rates
Based on the information in Exhibit 1, the
annual fixed swap rate Mehta would pay is closest
to：
选项：
A.0.47%.
0.92%.
C.
1.88%.
解释：
PV
factors for Euro are provided along with an explanation of how they are
calculated:
For
example, PV(90) is calculated as follows:
Other
present value factors are calculated in a similar manner.
The
fixed rate is calculated as follows:
The
annualized rate = 0.001178 × 4 = 0.004712.
老师，请问 borrow in HK dollars不是借入港元的意思吗？借港元，中间应该支付港元利息呀，为什么这道题用欧元呢
