Counterparty K borrows from the physical market at LIBOR + 1.5% and Counterparty P borrows from the physical market at a fixed rate of 4.3%. In the swap, Counterparty K pays 4.5% and Counterparty P pays LIBOR + 0.5%. The net cost to Counterparty K is: a. LIBOR + 1.5% b. LIBOR + 6% c. 6% d. 1.5% e. 5.5%