Today is March 1". The swap contract has residual maturity of 9 months. Its notional principal is $1,000. You receive [8% fixed rate paid oh semiannual basis and pay semiannual cash flows based on the 6-month Libor rate on May 31" and November 30th Next payment on May 31" is based on Libor rate at 4%. The current term structure based on zero-spot rates is: R(0, 3-month) -5%, R(0, 6-month)-5.9%, and R(0, 9-month) -7%. a) What is the current value of the fixed-leg if it is treated as a stand-alone bond? (4 Points) b) What is the current value of the floating-leg if it is treated as a stand-alone bond (4) points) b) what is the current value of this swap? (2 points) d) Next time (May 31"), how much net cash flow will you pay or receive? (4 points)