Value a 1.5-year swap, with swap rate 5.52%. The floating leg is referenced to the 6-month LIBOR, which is at 6% per annum. Notional is 100 million. Use the following discount factors: T 0.25 0.50 0.75 1.00 1.25 1.50 Z(0,T) 0.9848 0.9745 0.9618 0.9490 0.9353 0.9215 You are told that this swap is at initiation. What is the payment frequency of the fixed leg on the swap, quarterly or semiannually? Please show all assumptions and calculations.