Consider the following plain-vanilla swap. Party A pays a fixed rate 8.29% per annum on a semiannual basis (180/360), and receives from Party B LIBOR + 30basis point. The current six- month LIBOR rate is 7.35% per annum. The notional principal is $25M. What is the net swap payment of Party A? a. $20,000.00 b. $40,000.00 c. $80,000.00 d. $110,000.00

Consider the following plain-vanilla swap. Party A pays a fixed rate 8.29% per annum on a semiannual basis (180/360), and receives from Party B LIBOR +30 basis point. The current sixmonth LIBOR rate is 7.35% per annum. The notional principal is $25M. What is the net swap payment of Party A? a. $20,000.00 b. $40,000.00 c. $80,000.00 d. $110,000.00