3 Review Later Company A entered into a 4 year interest rate swap with annual settlement (payment dates, a notional amount of $5MM and an initial swap fixed rate of 3.80%. One year has passed and the company needs to determine the new value of the swap based on current market LIBOR rates as provided below. What is the current swap value? LIBOR Rates 1 Year 3.10% 2 Year 3.504 3 Year 3.80% Note: Please round your calculations for the present value factors to 4 decimals in order to arrive at the correct answer. $26.520.80 $25,392.00 $21,016.50 $20.870.45 Page 3 of 20 3 Review Later Company A entered into a 4 year interest rate swap with annual settlement (payment dates, a notional amount of $5MM and an initial swap fixed rate of 3.80%. One year has passed and the company needs to determine the new value of the swap based on current market LIBOR rates as provided below. What is the current swap value? LIBOR Rates 1 Year 3.10% 2 Year 3.504 3 Year 3.80% Note: Please round your calculations for the present value factors to 4 decimals in order to arrive at the correct answer. $26.520.80 $25,392.00 $21,016.50 $20.870.45 Page 3 of 20