Evaluate the following pure-yield pickup swap: You currently hold a 20-yearm AA-rated, 9% coupon rate bond with yield to maturity of 11.0%, and face value $1,000. As a swap candidate, you are considering a 20-yearm AA-rated, 11% coupon rate bond with yield to maturity of 11.5%, assume reinvestment rate is 11.5% and coupon are paid semi-annually, please fill out the table below and you must show (explain) clearly how numbers in the table are obtained.

	Current Bond	Candidate bond
Dollar investment
Coupon
i on one coupon
Principal value at year end
Total accrued
Realized compound yield
Value of swap:		basis point in one year