What is the value of the swap to the party receiving, Finance Basics

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What is the value of the swap to the party receiving

Problem

A semi-annual pay interest rate swap where the fixed rate is 5.2% (with semi-annual compounding) has a remaining life of nine months. The six-month LIBOR rate observed three months ago was 4.9% with semi-annual compounding. Today's three and nine month LIBOR rates are 5.9% and 6.2% (continuously compounded) respectively. If the swap has a principal value of $15,000,000, what is the value of the swap to the party receiving a fixed rate of interest?

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