Feedback for A $10 million notional swap that pays floating rate based on 6-month LIBOR and receives 5% fixed rate semi-annually. The swap has a remaining life of 15 months with pay dates as 3,6 & 15 months. Spot LIBOR rates are as follows: 3 months at 5.2%, 9 months at 5.5% and 15 months at 5.8%. LIBOR of last payment was 7%. Calculate value of swap to the fixed rate payer