QUESTION 10 Use the following table of spot rates: Years to Annual Effective Spot Rate 3.00% 3.60% 3.85% 4 05% 4.200% Maturity 2 5 For a 2-year-deferred, 3-year interest rate swap with the level notional amount is 1 million and 1- year spot rate at time 3 is 3% what is the amount of the net settlement payment at time 4?Is this amount paid by the payer, or by the receiver? C a. 16.950 pay by the receiver C b.15950 paid by the payer C c16950 paid by the payer C d.None of the above C e, 15.950 paid by the receiver QUESTION 10 Use the following table of spot rates: Years to Annual Effective Spot Rate 3.00% 3.60% 3.85% 4 05% 4.200% Maturity 2 5 For a 2-year-deferred, 3-year interest rate swap with the level notional amount is 1 million and 1- year spot rate at time 3 is 3% what is the amount of the net settlement payment at time 4?Is this amount paid by the payer, or by the receiver? C a. 16.950 pay by the receiver C b.15950 paid by the payer C c16950 paid by the payer C d.None of the above C e, 15.950 paid by the receiver