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why C? 5. You have sold a USD 50,000,000 2-year interest rate swap at a rate of 5.15% reset against 6- month USD Libor is

why C?

5. You have sold a USD 50,000,000 2-year interest rate swap at a rate of 5.15% reset against 6- month USD Libor is currently quoted at 5.00%. Assuming a 30/360 day count convention, what is the settlement amount on this portion of the swap? FRA a. Receive USD 36,585.37 b. Pay USD 36,585.37 c. Receive USD 37,500.00 d. Pay USD 37,500.00

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