Company A has an investment that pays a fixed rate of 5% on a principle of $100 million. It enters a swap agreement with a bank where it pays a fixed rate of 5.015% and receives LIBOR. Which of the followings best describes the effective interest earned after the swap is created.

A) LIBOR

B) LIBOR-0.015%

C) 4.985%

D) 5.015%