An FI has entered a $117 million swap agreement with a counterparty. The fixed-payment portion of the swap is similar to a government bond with a maturity of 7.1 years and a duration of 5.8 years. The swap payment interval is 2.8 years. If the relative shock to interest rates [R/(1 + R)] is a decrease of 8 basis points, what will be the change in the market value of the swap contract?

a.-0.281 million

b.0.402 million

c.0.281 million

d.-0.402 million

e.0.443 million