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Dunbar Brothers has a swap agreement that requires an interest payment of 296 over the T-bill rate, which is currently 5%. Dunbar Brothers receives 596

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Dunbar Brothers has a swap agreement that requires an interest payment of 296 over the T-bill rate, which is currently 5%. Dunbar Brothers receives 596 fixed-rate interest on other assets. The swap agreement has a notional principal amount of $1,000,000. What is the net interest effect for Dunbar Brothers? Select one: O A. Dunbar Brothers pay a net amount of $20,000 interest GB. Dunbar Brothers receive a net amount of $20,000 interest C. Dunbar Brothers pay a net amount of $50,000 interest D. Dunbar Brothers receive a net amount of $50,000 interest E. Dunbar Brothers break even, recelving and paying the same amount of interest

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