What is the net swap cashflow for the fixed payer in a swap on a certain date, if the swap rate is 4.23%/LIBOR, the relevant LIBOR rate is 4.43%, the notional principal is $4.6M, and swap payments are semi-annual?
Please note that the notional principal is expressed in millions, but your final answer should be in terms of just Dollars (for example, if you calculated a cashflow of $100,000 (one hundred thousand dollars) you would report this value as $100,000 and not $0.1M).
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