4. Consider a swap with these features: Maturity is five years, notional principal is $100 million, payments occur every six months, the fixedrate payer pays a rate of 9.05% and receives the LIBOR, whereas the floating-rate payer pays LIBOR and receives 9%. Now suppose that at a payment date, the LIBOR is at 6.5%. What is each party’s payment and receipt at that date?