Given the above diagrams, which of the following statements is CORRECT? At time period 2: A) B pays A $1 million B) A pays B $2 million. C) A pays B $7 million and B pays A $8 million. 34. A contract in which one party pays a fixed rate of interest on a notional amount in return for the return on a single stock, paid quarterty for four quarters, is a(n): A) equity swap. B) returns swap. C) plain vanilla swap. 33. Consider a swap with a notional principal of $100 million. BOR Counterparty Counterparty 8% Fixed 0 UBORe 9% LIBOR = 796 LIBOR= 10%