Capital One Bank enters into a $10,000,000 quarterlypay plainvanilla interest rate swap as the fixedrate payer at a swap rate of 6% based on a 360day year. The floatingrate payer, First Bank, agrees to make payments at 90day LIBOR plus a 0.6% margin. The 90day LIBOR rate currently stands at 4%. LIBOR90 rates are as follows:

90 days from today = 4.5%

180 days from today = 5.1%

270 days from today = 5.6%

360 days from today = 6.0%

After 180 days, First Bank will most likely:

Group of answer choices

Pay $7,500.

Receive $37,500.

Receive $22,500.