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What if the LIBOR rate (continuous compounding) between year 1 and 2 changes from 4% to 6%, and between year 2 and 3 changes from

What if the LIBOR rate (continuous compounding) between year 1 and 2 changes from 4% to 6%, and between year 2 and 3 changes from 3.5% to 4.5% as soon as I get into this swap contract, what should be the new fair market value of the fixed swap rate? LIBOR rate between 0 and 1 did not change?

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