The six-month LIBOR rate observed three months ago was 4.85% with semi-annual compounding. Today, continuously compounded three and nine month LIBOR rates are 5.3% and 5.8% respectively. a) Calculate the the forward LIBOR rate for the period between three- and nine-months with semiannual compounding. b) Value the following swap for the party receiving a fixed rate of interest. The notional amount $15,000,000. Payments are semi-annual and the fixed rate is 5.00% (with semi-annual compounding). The swap was started some time ago and has a remaining life of nine months.