Exactly two years ago, a trader entered into a 4-year payer's swap with a swap fixed rate of 3.50%. That swap has a $25 million notional. Today, dealers quote the following swap fixed rates. Use this information to estimate the value of the trader's swap position. Assume semi-annual settlements and that all interest payments accrue according to 30/360 convention. N (years) Treasury Yield (TSY) Receiver's Swap Payer's Swap 1 3.0% TSY+0.50% TSY+0.60% 2 3.5% TSY+0.52% TSY+0.62% 3 4.0% TSY-0.54% TSY-0.64% 4 4.5% TSY+0.55% TSY+0.65% 5.0% TSY+0.56% TSY-0.66%