A few years ago, a company entered a 5-year interest rate swap in which it pays a fixed rate and receives and floating rate. It has the following characteristics: - Notional Amount =$100 - It has exactly 17 month remaining - Fixed Payments at 6.00% APR S-A - 1 months ago, 6-month LIBOR was 4.00% APR S-A - CCAR Spot Zero Rates are r5=4.20%,r11=4.60%r17=5.00% CCAR a) Calculate the value of the swap. b) Have interest rates increased or decreased since the swap was initiated? Is the company paying or receive a floating rate? What has happened the value of the swap? c) Calculate the value of the swap to the other party. A few years ago, a company entered a 5-year interest rate swap in which it pays a fixed rate and receives and floating rate. It has the following characteristics: - Notional Amount =$100 - It has exactly 17 month remaining - Fixed Payments at 6.00% APR S-A - 1 months ago, 6-month LIBOR was 4.00% APR S-A - CCAR Spot Zero Rates are r5=4.20%,r11=4.60%r17=5.00% CCAR a) Calculate the value of the swap. b) Have interest rates increased or decreased since the swap was initiated? Is the company paying or receive a floating rate? What has happened the value of the swap? c) Calculate the value of the swap to the other party