You ane paven the following table of spot ra Time Spot Rate 3.1% 3.3% 13. 3.8% 4.2% 4.7% Lillian enters into a deferred swap with settlement at the end of the year. She want's to swap the floating...

3

Extracted text: You ane paven the following table of spot ra Time Spot Rate 3.1% 3.3% 13. 3.8% 4.2% 4.7% Lillian enters into a deferred swap with settlement at the end of the year. She want's to swap the floating interest rates for a fixed interest rate during the third and fourth year. Given a notional amount of 100,000 in years 3 and 4, determine the deferred swap rate.