In June 2021, swap dealers were quoting a rate for five-year sterling interest-rate swaps of 5.00% against Euribor (the short-term interest rate for euro loans). Euribor at the time was 4.60%. Suppose that A arranges with a dealer to swap a fl10 million five-year fixedrate loan for an equivalent floating-rate loan, answer the following: Note: Leave no cells blank - be certain to enter " 0 " wherever required. a. Assume the swap is fairly priced. What is the value of this swap at the time that it is entered into? b. Suppose that immediately after A has entered into the swap, the long-term interest rate rises by 1.6%. Who gains and who loses? c. What is now the value of the swap to A for each $1,000 of par value? Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places