Question: 4. Suppose the forward rate between 3 to 9 months is 3.87%, and forward rate between 9 to 15 months is 4.12%. For 100 million

4. Suppose the forward rate between 3 to 9 months is 3.87%, and forward rate between 9 to 15 months is 4.12%. For 100 million principal interest rate swap that has remaining life of 1.25 years, what is the value of the swap? Note that some cash flows and the discount factors are already given.

Time (years)	Fixed cash flow	Floating cash flow	Net Cash Flow	Disc factor	PV
Time (years)	Fixed cash flow	Floating cash flow	Net Cash Flow	Disc factor	B_fl
0.25	-1.5	1.45		0.993
0.75	-1.5			0.9763
1.25	-1.5			0.9584
Total

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