Need 101% correct

10. Swap RTP TMC Corporation entered into 3.5 million notional Principal Interest Rate Swap Agreement. As per the agreement TMC is to pay a Fixed Rate and to receive a Floating Rate of LIBOR. The Payment will be made at the interval of 90 days for one year and it will be bases on the adjustment factor 90/360. The term structure of LIBOR on the date of agreement is as follows - 90 270 180 Days 360 7.55 7.45 7.25 7.00 Rate (%) You are required to calculate Fixed Rate on the Swap and first net payment on the Swap. bion of Fixed Rate