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If the fixed rate on a new par value 1-year swap was 4%, what is the value of the floating-payers position on an existing 5.5%/LIBOR

If the fixed rate on a new par value 1-year swap was 4%, what is the value of the floating-payers position on an existing 5.5%/LIBOR swap with 1 year remaining to maturity and a notional principal of $5M? Assume semi-annual payments.

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