Intro A $50 million interest rate swap has a remaining life of 1.1 years. The swap terms call for exchanging six-month LIBOR for 4.5% per annum (compounded semiannually) every 6 months. OIS rates are 3.6% for all maturities (with continuous compounding) and 6-month LIBOR forward rates are 5% for all maturities (with semiannual compounding). On the last payment date, the 6-month LIBOR forward rate was 3.7%. Part 1 Attempt 2/4 for 8 pts. What is the current value of the swap to the party paying fixed (in \$ million)? Intro A $50 million interest rate swap has a remaining life of 1.1 years. The swap terms call for exchanging six-month LIBOR for 4.5% per annum (compounded semiannually) every 6 months. OIS rates are 3.6% for all maturities (with continuous compounding) and 6-month LIBOR forward rates are 5% for all maturities (with semiannual compounding). On the last payment date, the 6-month LIBOR forward rate was 3.7%. Part 1 Attempt 2/4 for 8 pts. What is the current value of the swap to the party paying fixed (in \$ million)