A
AcadiFi
Financial Markets and ProductsHard

Ridgemont Capital entered a 4-year fixed-for-fixed currency swap 1 year ago, paying 2.8% on GBP 30 million and receiving 4.2% on USD 38 million. At inception, the exchange rate was 1.2667 USD/GBP. Currently, the USD flat discount rate is 5.0%, the GBP flat discount rate is 3.5%, and the spot rate is 1.24 USD/GBP. The current value of the swap to Ridgemont is closest to: