PLEASE ITS URGENT, PLEASE ITS URGENT

An FI has purchased a $200 million cap of 8.5% at a premium of 0.75% of face value. The FI also purchases a $200 million floor of 4.5% at a premium of 0.65% of face value. what are the net savings if interest rates rise to 11%?

Grupo de opciones de respuesta

A. $0.2 million net savings

B. $5 million net savings

C. $2.8 million net savings

D. $3 million net savings

E. $2.2 million net savings