5. Assume the following swap terms: Bank A Bank B Pay 10% LIBOR - 0.6% Receive LIBOR - 0.6% 10% Assuming a notional principal of $10 million, what would be the net effect (i.e., swap payments) if LIBOR turned out to be 10.6%? 9%? 12%? Assume annual payments. 5. Assume the following swap terms: Bank A Bank B Pay 10% LIBOR - 0.6% Receive LIBOR - 0.6% 10% Assuming a notional principal of $10 million, what would be the net effect (i.e., swap payments) if LIBOR turned out to be 10.6%? 9%? 12%? Assume annual payments