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Suppose the 1-year effective annual interest rate is 5.1% and the two year is 6.8%. Compute the fixed rate in a 2-year amortizing interest rate

Suppose the 1-year effective annual interest rate is 5.1% and the two year is 6.8%. Compute the fixed rate in a 2-year amortizing interest rate swap based on $430,000 of notional principal in the first year and $360,000 in the second year.

a.6.13%

b.6.59%

c.5.92%

d.5.84%

e.6.74%

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