Over the next 3 years 1 year forward rates are expected to be: Rates Year Forward 1 3.00% 2 6.00% 10 pts 9.00% 3 You want to enter into an interest rate Swap on a notional amount of $100M that amortizes over 3 years. With 50% of beginning notional getting repaid at the end of Year 1, 25% getting repaid at the end of year 2 and the balance repaid at the end of year 3. What would you expect a fair Fixed Rate on the Swap to be?