In order to prevail on a theory of "commercial impracticability," a party’s performance under the contract must become extremely costly or extremely difficult, and the party who wants to take advantage of the defense must show that the commercial impracticability situation was not foreseeable. true or false?

A$100 million interest rate swap has a remaining life of 10 months. under the terms of the swap, the six-month libor is exchanged semi-annually for 12% per annum. the six-month libor rate in swaps of all maturities is currently 10% per annum with continuous compounding. the six-month libor rate was 9.6% per annum two months ago. what is the current value of the swap to the party paying floating? what is its value to the party paying fixed?