On January $1,2025,$ABC Corp. issued $10-$year, $$100,000$ bonds at par. The bonds make payments annually on December $31$ at a stated fixed rate of interest of $6\mathrm{.}0\%.$

On January $1,2025,$ ABC Corp. also entered into an interest rate swap. In this arrangement, ABC Corp. paid variable interest rates to a swap bank and in return, the swap bank paid fixed interest to ABC Corp.

Interest rates during the first year of the interest rate swap were the following:

$\backslash$table$[[$Date$,$Fixed rate,Market rate$],[$January $1,2025,6\mathrm{.}0\%,6\mathrm{.}0\%$