You are given the following spot rates: Time Spot Rate 1 3.0% 2 3.5% 3 4.0% 4 4.5% Bill enters into a four-year interest rate swap where the floating rate resets annually. The notional amount of the swap is 1000 the first year, 1500 the second year, 2500 the third year, and 3000 the fourth year. Determine the swap interest rate. Possible Answers A 4.3% B 4.5% C 4.7% D 4.8% E 4.9% You are given the following spot rates: Time Spot Rate 1 3.0% 2 3.5% 3 4.0% 4 4.5% Bill enters into a four-year interest rate swap where the floating rate resets annually. The notional amount of the swap is 1000 the first year, 1500 the second year, 2500 the third year, and 3000 the fourth year. Determine the swap interest rate. Possible Answers A 4.3% B 4.5% C 4.7% D 4.8% E 4.9%