Today is May 5, 2008, and the (continuously compounded) yield curve is given in Table 5.12.

Calculate the semi-annual swap rate for all maturities between 6 months and 1.5 years (every six months).

Table 5.12 The Yield Curve on May 5, 2008 0.5 0.75 1 1.25 1.5 1.75 2 Maturity 0.25 Yield (c.c.) 2.70% Source: Bloomberg. 2.76% 2.86% 2.95% 3.09% 2.98% 3.07% 3.20% Table 5.12 The Yield Curve on May 5, 2008 0.5 0.75 1 1.25 1.5 1.75 2 Maturity 0.25 Yield (c.c.) 2.70% Source: Bloomberg. 2.76% 2.86% 2.95% 3.09% 2.98% 3.07% 3.20%