Consider a $10 million notional swap that pays a floating rate based on 6-month LIBOR and pays a 3.5% fixed rate semiannually. The swap has a remaining life of 15 months with pay dates at 3, 9, and 15 months. Spot LIBOR rates with continuous compounding are as follows: 3 months at 3.54%; 9 months at 3.78%; and 15 months at 3.92%. The LIBOR at the last payment date was 2.91% with semiannual compounding. Calculate the value of the swap to the fixed-rate receiver using the FRA methodology. Please do out all steps rather than just one equation!