Savers Bancorp entered into a swap agreement over a 2-year period on August 9, 2008, with which it received a 4.00% fixed rate and paid LIBOR plus 1.20% on a notional amount of USD 6.5 million. Payments were to be made every 6 months. The table below displays the actual annual 6-month LIBOR rates over the 2-year period. | Date | 6-month LIBOR | |------------------|---------------| | Aug 9, 2008 | 3.11% | | Feb 9, 2009 | 1.76% | | Aug 9, 2009 | 0.84% | | Feb 9, 2010 | 0.39% | | Aug 9, 2010 | 0.58% | Assuming no default, how much did Savers Bancorp receive on August 9, 2010? | Financial Risk Manager Part 1 Quiz - LeetQuiz