Question: please help by showing all the steps by hand. thank you, I will upvote!!! You are given the following table of spot rates: Term in
please help by showing all the steps by hand. thank you, I will upvote!!!

You are given the following table of spot rates: Term in Years Spot Rate 1 2 3 2.7% 2.9% 3.4% 3.8% 4.5% 4.7% 4 5 6 Consider a deferred interest rate swap with a level notional amount of 100.000 and a term of 6 years. Each settlement period is 1 year, and the variable rate is the 1-year spot interest rate at the beginning of the settlement period. Under the swap, there is no swapping of interest rates during the first 2 years. During the last 4 years, the settlement period will be 1 year. Determine the swap rate for the last 4 years of the swap. a. 5.6% b. 3.9% C. 4.2% d. 4.6% e. 5.2%
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