Mechanic

Was this a multiple choice Q? If so what were the other options?
The income from this swap is the USD fixed rate since that is what is being “received”.
however, the profit would be the USD Fixed rate minus the Euribor Rate.
The USD Fixed rate would probably be close to a USD money market rate since this is Supposedly a “risk free” type of investment, but to say it would be equal to this rate is a little presumptuous.
Depending on what other answers there were this may be the best of all the choices.