Company ABC Inc. is rated double B $($or high yield$)$ You sold $$10$ million notional of $5$ year CDS contract when the market credit risk premium was $550$ basis points Later in the day ABC won a major lawsuit with great financial rewards, the company was upgraded to investment grade $-"$BBB$"$ The market credit risk premium was reduced to $450$ basis points upon learning of the news The risk free rate is $2\%$ If all CDS premiums are received annually, how much money did you make or lose today. Please use a minus sign if answer is a negative number