Intro You want to enter a one-year interest rate swap contract with semiannual payments to receive a fixed rate and pay the floating rate (LIBOR). The notional principal is $60,000,000. LIBOR effective annual spot rates are 7.4% for half a year, and 8% for one year. Attempt 1/10 for 10 pts. Part 1 What should be the semiannual fixed rate on the swap? 4+ decimals Submit - Attempt 1/10 for 10 pts. Part 2 After 3 months, LIBOR effective annual spot rates are 7.5% for the next 3 months, and 8.1% for the next 9 months. What is the value of the swap to you (in $)? 0+ decimals Submit Intro You want to enter a one-year interest rate swap contract with semiannual payments to receive a fixed rate and pay the floating rate (LIBOR). The notional principal is $60,000,000. LIBOR effective annual spot rates are 7.4% for half a year, and 8% for one year. Attempt 1/10 for 10 pts. Part 1 What should be the semiannual fixed rate on the swap? 4+ decimals Submit - Attempt 1/10 for 10 pts. Part 2 After 3 months, LIBOR effective annual spot rates are 7.5% for the next 3 months, and 8.1% for the next 9 months. What is the value of the swap to you (in $)? 0+ decimals Submit