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Optimal Industries wants to enter into a 3 year swap in which it will pay cash flows based on a floating rate and receive cash

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Optimal Industries wants to enter into a 3 year swap in which it will pay cash flows based on a floating rate and receive cash flows based on a fixed rate. Determine the appropriate fixed interest rate that Optimal Industries will receive. Optimal Industries in Question 1 can enter into a delayed reset Libor Swap instead of the normal plain vanilla swap in Question 1. If the 4 year LIBOR rate is 12%, find the fixed interest rate that Optimal Industries will receive in this delayed reset Libor Swap. Compare your result with that in Question 1

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