IV. Interest rate swaps Here is todays market data for a set of forward Eurodollar prices on the Chicago Mercantile Exchange: Maturity Price Spot 97.6500 t+6 months 97.4500 t+12 months 97.2750 t+18 months 97.0500 t+24 months 96.9195 11. What is the annualized 1-year swap rate: (a) 2.4494%; (b) 97.2750; (c) 1.8172%; (d) 1.9372%; 12. What is the annualized 2-year swap rate: (a) 97.2150; (b) 1.9567%; (c) 1.9798%; (d) 2.6404%;