• If the bond face value is not given, assume that it is $100.

Find the swap rate of a plain vanilla swap at initiation with 2 years to maturity, notional amount of $100 million, and semi-annual payments on both the fixed and floating legs. Assume the term structure is flat at 5% a year. Use semi-annual compounding. O 5.2%. 5.0%. 5.3%. O 4.9%. O 5.1%