Consider a 1-year swap that is initiated today between Company A and Company B. The terms of the deal require that the two companies make quarterly payments based on a notional principal of $20 million. LIBOR spot rates today are as follows: Term Rate 90-day 0.0028 180-day 0.0044 270-day 0.0058 360-day 0.0013 LIBOR rates 90 days later are as follows: Term Rate 90-day 0.0031 180-day 0.0048 270-day 0.0061 The quarterly fixed-rate payment is closest to: LIBOR rates 90 days later are as follows: Term Rate 90-day 0.0031 180-day 0.0048 270-day 0.0061 a The quarterly fixed-rate payment is closest to: Select one: a. $14,000 O b. $36,000 O c. $14,000 O d. $3,600,000 LIBOR rates 90 days later are as follows: Term Rate 90-day 0.0031 0.0048 180-day 270-day 0.0061 The next floating-rate payment is closest to: Select one: O a. $56,000 O b. $3,600,000 c. $36,000 O d. $14,000