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Today is 1 Jun 2020. Given the following market data of an IRS: 10 million 3 Jun 2020 3 Jun 2021 ? % (semi-annual

Today is 1 Jun 2020. Given the following market data of an IRS: 10 million 3 Jun 2020 3 Jun 2021 ? % (semi-annual ACT/365) LIBOR (semi-annual ACT/365) Notional amount: Start of swap: Maturity of swap: Receive (Fixed leg): Pay (Floating leg): Zero-coupon discount factors: 3 Jun 2020: 0.9996 0.9632 0.9306 3 Dec 2020: 3 Jun 2021: What is the IRS rate (4 decimal points)?

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