Show graphically and in a table the values and profits/losses at expiration that the hedge fund in Question 7 would obtain from closing its payer swaption on a 6%/LIBOR swap with a notional principal of $20 million purchased at a price equal to 50 bp times the NP. Evaluate at fixed rates on three-year par value swap at expiration of 4%, 4.5%, 5%, 5.5%, 6%, 6.5%, 7%, 7.5%, and 8%. Use the YTM-approach in valuing the swap’s position.