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6. You are given the following zero-coupon bond prices Term [K] 1 year 2 year 3 year Price Pk 0.90909 0.84168 0.79383 Swap contracts have annual settlement periods where payments are at the end of each period and the variable (floating) payment is based on the actual 1-year spot rate at the beginning of the period. Determine the 3-year swap rate (the fixed rate on a 3-year swap) on a level notional swap. A) 7.7% C7.9% E) 8.1% B) 7.8% D) 8.0%