You entered into a 2-year interest rate swap three months ago in which you are the payer (you pay fixed and receive floating). The yield to maturity of a 2-year fixed coupon bond three months ago was 7%. The 6-month LIBOR rate three months ago was 5.5% p.a. Interest is repaid every 6 months. The face value is $1000. The current yield to maturity of a 21-month fixed coupon bond is 8% p.a. What is the current value of the swap to you? Choose the closest answer.

A. -$3.58

B. $6.25

C. $3.58

D. -$6.25