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portfolio? 6. A bond portfolio manager has a 150 million notional position in a 4-year swap contract (as the fixed rate payer and floating rate

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portfolio? 6. A bond portfolio manager has a 150 million notional position in a 4-year swap contract (as the fixed rate payer and floating rate receiver) with fixed rate of 3.5%. Three-month Libor is the reference floating rate. On January 14 the three-month Libor rate is 3.25% and on June 1"' it is 3.75%. What is the bond portfolio managers cash outflow or inflow on June 1" on this swap

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