Consider an index CDS in which the notional amount is $$50,000,000.$ After one of the reference entities defaults, the protection seller pays the protection buyer $$3,000,000$ under a physical settlement. Assuming the upcoming quarter has $91$ days and the CDS spread is $250$ basis points, what will be the swap premium?

$$325,129\mathrm{.}04$

$$297,013\mathrm{.}89$

$$287,042\mathrm{.}33$

$$306,765\mathrm{.}12$