A U. S. bank enters into a plain vanilla c

问题：

A U. S. bank enters into a plain vanilla currency swap with a notional principal of US $100m (￡ 67m). At each settlement date, the U.S. bank pays a fixed rate of 8 percent on the pounds received, and an English bank pays a variable rate equal to London interbank offered rate (LIBOR) on the U. S. dollars received. Given the following information, what payment is made to whom at the end of year 2 The U. S. bank pays: ()

A. US $5.5m and the English bank pays ￡ 5.36m. 

B. US $6m and the English bank pays ￡ 5.36m. 

C. ￡ 5.36m and the English bank pays US $5.5m.