15. Find the net payment on an equity swap in which party A pays the return on a stock index and party B pays a fixed rate of 6 percent p.a. The notional amount is $10 million. The stock index starts oft at 1,000 at the beginning of the period and s at 1,055.15 at the end of the period. The interest payment is calculated based on 180 days in the period and 360 days in the year. A. party B pays $851,500 B. party B pays $48,500 C. party B pays $251,500 D. party A pays $251,500 E. party A pays $851,500 16. Find the fixed rate on a plain vanilla interest rate swap with payments every 180 days (assume a 360-day year) for one year. The prices of $1 zero coupon bonds are 0.9756 (180 days) and 0.9434 (360 days). A. 5.9% B. 5% C. 6% D. 5.5% E. 2.95%