All rates in this question are quoted with semi-annual compounding. You have entered into a three year fixed/floating swap, agreeing to make a 3% (per annum) semi-annual fixed payment in exchange for receiving a semi-annual floating payment of LIBOR. The notional principal is $10 million. Suppose that when you start the swap, the six-month LIBOR rate is 3.5%. a) What will the fixed payments for the swap be? (b) What will the first floating payment for the swap be? (c) Suppose that four months later, the LIBOR yield curve is flat at 2.9%. What is the value of the swap to you