Consider the following ask yields for T-bills that were quoted on 3/15/10, with settlement on 3/16/10. Fill in the third and fourth columns. Note: the quoted ask yield is a discount yield in percentage points. Thus .043 percent is .00043. Since yields are so low in this period, carry around quite a few digits past the decimal point. Compute BEY based on the semi-annual compounded rate.

A$100 million interest rate swap has a remaining life of 10 months. under the terms of the swap, the six-month libor is exchanged semi-annually for 12% per annum. the six-month libor rate in swaps of all maturities is currently 10% per annum with continuous compounding. the six-month libor rate was 9.6% per annum two months ago. what is the current value of the swap to the party paying floating? what is its value to the party paying fixed?