Error for Sample 2 Q27 Currency SWAP? because, question, provided, problems

IAmNeil

Did anyone find that they thought the answer to this question was incorrect?

I think it is wrong because in the answer provided, annualized rates are used to calculate the value of the SWAP, when in all the descriptions/problems in the text non-annualized rates are always used to calculate the value of the swap after a period of time has passed.

Any thoughts from the swap gurus? I have little understanding of this, but just follow the methodology as provided in the text.

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