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Give full answer... P Ltd., a dealer quotes 'All-in-cost' for a generic swap at 6% against six months LIBOR flat. If the Notional principal amount

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P Ltd., a dealer quotes 'All-in-cost' for a generic swap at 6% against six months LIBOR flat. If the Notional principal amount of swap is * 8,00,000 : (i) Calculate semi-annual fixed payment. (ii) Find the first floating rate payment for (i) above if the six month period from the effective date of swap to the settlement date comprises 181 days and that the corresponding LIBOR was 5% on the effective date of swap. (Consider up to three decimal places). (iii) In question number (ii) above, if the settlement is on Net' basis, how much the fixed rate payer would pay to the floating rate payer ? Note : Generic swap is based on 30/360 days basis

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