during T=t,
Understand that to get fixed rate value, the formula is about using the unannualized fixed rate at initiation and discount back using most recent LIBOR rate. annualized fixed rate [(Z1’ + Z2’ + Z3’ +Z4’) + 1(Z4’)]
To find floating rate value, should we use the unannualized rate at initiation or nased on the most recent LIBOR chart?
[(annualized floating rate +1) + 1(Z1’)]
thanks.