Julia enters into a 3 year interest rate swap to receive a forced rate and pay a variable rate based on future 1-year LIBOR rates. The swap his annual payments. The notional amount is 10.000 for year 1.6,000 for year 2 and 2.000 for year 3. You are gven the following implied one-year forward rates. T 1 2 3 Calculate the swap rate (fixed rate) One year forward rate 1-10 19 396 5% Answers A 2.08% B. 3.92% 64.346 D.5.12 E6.6790 Julia enters into a 3 year interest rate swap to receive a forced rate and pay a variable rate based on future 1-year LIBOR rates. The swap his annual payments. The notional amount is 10.000 for year 1.6,000 for year 2 and 2.000 for year 3. You are gven the following implied one-year forward rates. T 1 2 3 Calculate the swap rate (fixed rate) One year forward rate 1-10 19 396 5% Answers A 2.08% B. 3.92% 64.346 D.5.12 E6.6790