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Corn syrup is used to make many soft drinks. Some years ago, Coca-Cola entered into a commodity swap in which it agreed to pay a

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Corn syrup is used to make many soft drinks. Some years ago, Coca-Cola entered into a commodity swap in which it agreed to pay a fixed price of $4.5 per bushel of corn every 12 months on a notional of 100,000,000 bushels of com. The deal has 4 exchanges left and the next exchange is in exactly 6 months. What is the current value of the swap deal for Coca-Cola? You can use the following table to obtain information on the relevant forward prices. Assume that the risk-free rate is 5.6% per annum with continuous compounding for all maturities.|

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