Swap

On $1/1/2020,$ concurrent with the execution of the Term Debt, you enter into a $$1,000,000,000$ amortizing

notional fixed$-$for$-$floating interest rate swap with KeyBank and the swap term begins the same day. Your

mid$-$market $3-$month Term SOFR floating rate is $5\mathrm{.}0\%,$ and the first swap transaction using this rate will

occur on $\frac{3}{31}\frac{?}{2020}.$

Calculate the debt service $($principal and interest$)$ for the underlying term loan for the following

dates. Please calculate the pro rate debt service amount due each bank participating in the

syndication.

a$.\frac{3}{31}\frac{?}{2020}$

b$.\frac{6}{30}\frac{?}{2020}$

c$.\frac{9}{30}\frac{?}{2020}$

d$.\frac{12}{31}\frac{?}{2020}$

Calculate the swap fixed and floating cash flows that Acme owes Key and Key owes Acme for the

following dates:

a$.\frac{3}{31}\frac{?}{2020}$

b$.\frac{6}{30}\frac{?}{2020}$

c$.\frac{9}{30}\frac{?}{2020}$

d$.\frac{12}{31}\frac{?}{2020}$