(10 points) You are given the following spot rates: You enter into a 4-year interest tate swap (with a notional amount of 70000) to pay a fixed rate and to recelve a floating rate based on future 1-year LIBOR rates. If the swap has annual payments, what is the fixed rate you should pay? A. 6.72% B. 3.53% c. 5.64% D. 4.7% E. 235%