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9. You are given the following annual spot rates z[k] Term [k] | 1 year 2 year Z[k] 2.0% 2.5% 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. You enter a 2-year $100 level notional swap paying a fixed rate of 5% per period which is higher than the actual swap rate R. In exchange for paying such a high fixed rate, determine the lump sum payment at time zero of entering the swap that makes this fair. A) $4.62 C) $4.98 E) $5.22 B) $4.84 D) $5.11