A financial institution needs to build a LIBOR discounting curve for use in valuation. The

current 6-month LIBOR rate is 5.37% (semi-annual compounding). Swap rates (also under

semi-annual compounding) are given in the table below.

Maturity (years) Swap Rate

1 year 5.3300%

1.5 years 5.2400%

2 years 5.1500%

2.5 years 5.1200%

3 years 5.0900%

3.5 years 5.0850%

4 years 5.0800%

4.5 years 5.0850%

5 years 5.0900%

Please use these rates to determine the LIBOR / swap zero curve through 5 years, in terms of continuous compounded zero rates.