You are a party to a swap deal with a notional principal of $100 that has 4 months left to maturity. The payments take place every three months. As a part of the swap deal you have to pay the three-month LIBOR rate, and in exchange you receive the fixed 8% rate (total annually) on the notional principal. The prices of the one-month and four-month risk-free pure discount bonds (nominal $100) are $99:6 and $98:2, respectively. At the last payment date the three-month LIBOR was 7%. Compute the value of the swap.