What is the 18-24 month forward libor rate

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An interest rate swap with $1M notional that pays 3% ?xed rate and receives LIBOR has 2 year to mature. It exchanges cash ?ow every 6 month. The current 6 month LIBOR is set at 2%. The 6 - 12 month, and 12 - 18 month forward LIBOR are known to be 2.8% and 3.5% respectively. The DIS rate is 1.8% (continuous compounding) ?at. The swap is traded at $35,107.74. What is the 18 - 24 month forward LIBOR rate?

Reference no: EM133068252

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