Question: Please answer with a thorough explanation please: You signed a 10-year interest swap with annual payments to receive USD fixed and pay USD floating. The

Please answer with a thorough explanation please: You signed a 10-year interest swap with annual payments to receive USD fixed and pay USD floating. The quote was 2.5-2.7% against LIBOR flat. The principal is USD 100,000. What is the value of the swap 3 years later if the USD interest rate is 5%? Round to the nearest US dollar.

Group of answer choices

the swap bank has to pay you 13,309 to cancel the swap.

not enough information to answer the question.

you have to pay the bank 13,309 to cancel the swap.

the swap bank has to pay you 14,466 to cancel the swap.

something else.

you have to pay the bank 14,466 to cancel the swap.

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