Samantha Gladstone, treasurer of Allied Industrials, entered into an interest rate swap as the fixed rate receiver (floating rate payer). The swap has quarterly payments (30/360 day count) with an annualized fixed rate of 5.20% and a notional amount of $5,000,000. At the last reset date, the reference rate for the floating payment was 5.75% annualized. On the next payment date, to settle the swap Gladstone will:

Group of answer choices

A) receive $6,875.

B) receive $71,875.

C) owe $65,000.

D) owe $6,875.