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Question 4 4 pts NBM Inc. has 4 months remaining on their interest rate swap. Through the swap, they make monthly payments based on a

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Question 4 4 pts NBM Inc. has 4 months remaining on their interest rate swap. Through the swap, they make monthly payments based on a fixed rate of 2.25% APR compounded monthly, on a notional of $12 million. Given the current term structure of interest rates shown below, the current fixed swap rate on a 4-month swap is 2.753% APR compounded monthly. What is the current value of NBM's interest rate swap? Month Rcont comp per annum 1 0.026 2 0.0265 3 0.027 4 0.0275 Enter solution in dollars and cents. If negative, precede it with a minus "-" sign. Do not enter the "$" symbol. Question 4 4 pts NBM Inc. has 4 months remaining on their interest rate swap. Through the swap, they make monthly payments based on a fixed rate of 2.25% APR compounded monthly, on a notional of $12 million. Given the current term structure of interest rates shown below, the current fixed swap rate on a 4-month swap is 2.753% APR compounded monthly. What is the current value of NBM's interest rate swap? Month Rcont comp per annum 1 0.026 2 0.0265 3 0.027 4 0.0275 Enter solution in dollars and cents. If negative, precede it with a minus "-" sign. Do not enter the "$" symbol

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