Early termination of a SWAP, which payer makes a payment to the other?

CFA Level II Derivatives
#1

Dear Forum,

My doubt is as follows, Imagine a Swap with one the fixed rate part is worth 0.98 and the floating part is worth 1.02, which payer pays 0.02 to the other in order to terminate the SWAP before the expiration? the fixed or the floating payer?

Thanks in advance

#2

The fixed payer pays the floating payer.

#3

Thanks, what you said is what I thought, but in a kaplan solution they said the opposite and I became a bit confused

#4

That’s wonky. I’d like to see Kaplan’s solution.

#5

I was out of home for some days, this is the reason of my delay in answering your post

the question says: the value of the fixed rate bond and the floating rate note are $0.990000 and $1.010000, per $1 of notional respectively, what is the payment required to terminate the SWAP?

the answer say that the floating payer payer pays USD 600 k,

Thanks in advance

p.s probably I misunderstood the solution, because in fact the payer has the less valuable part as he receives the fixed income part less valuble than the floating, am I right?