Evaluate the following pure-yield pickup swap: You currently hold a 20-year, AA-rated, 9.0 percent coupon bond priced to yield 11.0 percent. As a swap candidate, you are con- sidering a 20-year, AA-rated, 11 percent coupon bond priced to yield 11.5 percent. (Assume reinvestment at 11.5 percent.) Candidate Bond Dollar investment Coupon i on one coupon Principal value at year end Total accrued Realized compound yield Value of swap: Current Bond basis points in one year