Compute the Fixed Rate on a 10 year $100 million vanilla swap, where the cash flows are bond like, using the forward rate methodology and the spot rate approach. Assume annual compounding.

Year 1 - Swap Rate 1.5%

Year 2 - Forward Rate 2.5126%

Year 3 - Swap Rate 2.5%

Year 4 - Forward Rate 4.62%

Year 5 - Swap Rate 3.25%

Year 6 - Forward Rate 3.581%

Year 7 - Swap Rate 3.50%

Year 8 - Forward Rate 5.8518%

Year 9 - Swap Rate 4%

Year 10 - Forward Rate - 9.8996%