Today is November 26, 2020. There is a 3-month Libor swap contract that has a residual maturity of 9 months and a fixed rate of 15%. Its notional principal is $10,000. You receive a fixed rate on a semiannual basis and pay at a 3-month Libor rate. The newly released 3-month Libor rate for the next payment day is 8%. Next time (Feb 26, 2021), how much net profit or loss should you have?

A. Net profit of $600

B. Net profit of $250

C. Net profit of $550

D. Net profit of $350