Use the following information about an interest rate SWAP contract to answer the following question. Assume for the date count fraction. Do not round intermediate calculations. Round your answer to 2 decimal places. Enter your answer in dollars, not in millions. Counter Parties Notional Principal Fixed Rate payer Fixed Rate Floating Rate Payer Floating Rate Floating Rate Reset Effective date Maturity Date HSBC & JPMorgan $8,000,000 HSBC 5.9% per annum JPMorgan LIBOR 6 months December 21, 2020 December 21, 2023 Term (Years) Pay rate zero Discount Factor Receive rate zero Discount Factor 0.5 5.25% 0.9747 5.33% 0.9744 1 5.78% 0.9454 5.88% 0.9445 1.5 5.97% 0.9167 6.17% 0.9141 2 6.22% 0.8863 6.33% 0.8845 2.5 6.31% 0.8582 6.43% 0.8557 3 6.39% 0.8304 6.51% 0.8276 What is JPMorgan's P/L on this swap? Which counterparty owes money?