An interest rate swap has two years of remaining life. Payments are exchanged semi-annually. Annual Interest rate at 3% (hence,6month rate of 1.5%)is paid and 6-month LIBOR is received. An exchange of payments has just taken place. The6-month,1-year,1.5-year,and2-yearLIBOR/swapzero rates are3.7%,4%,4.3%,and4.5%,respectively. All rates are continuously compounded. What is the value of the swap as a percentage of the principal when LIBOR discounting is used?