Question 1. (2.00 points) (This is Exercise 33.1 of Lecture 41.) The local school district borrows $6.000.000 on a three-year, variable-rate loan. They enter into an interest rate swap with a third party so that the school district will pay a fixed rate while the third part pays a variable rate, say prime plus 2%. Today's spot rate on a one-year investment is 5%, that on a two-year investment is 6%, and that on a three-year investment is 7%. What is the swap rate paid by the school district