PLEASE ANSWER BOTH and show step by step! DO NOT use ChatGPT! ____________________________________________________________________________________________________ 1.) The risk-free rates are 3.4% for all maturities. The three-month LIBOR rate is 3.5%. For a six-month swap in which payments are exchanged every three months the swap rate is 3.6%. All rates are expressed with quarterly compounding. What is the LIBOR forward rate for the period from the fourth to sixth month? (Write your answer in a decimal number with precision to 4 decimal places, e.g. 12.3456) 2.)The one-year LIBOR rate is 3%, and the LIBOR forward rate for the second year is 3.2%. The three-year swap rate of an interest rate swap with annual payments is 3.2%. The notional principle is $100 million. What is the LIBOR forward rate for the third year if the risk-free rates for one, two, and three years are 2.5%, 2.7%, and 2.9%, respectively? All rates are annually compounded. (Write your answer in a decimal number with precision to 4 decimal places, e.g. 12.3456)