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23. 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 3-year $1000 level notional swap paying a fixed rate of 8% and receive the floating rate. What is your expected net payment (a negative number means you receive) under the swap at the end of the 3rd year if spot rates z[k] as of the beginning of the 2nd year become: Term (k) 1 year 2 year z[k] 6% (Round your answer to the nearest whole number) 8% A) - $40 C) $0 E) $40 B) -$20 D) $20