Today is Monday, April 25, 2016. You are a customer ready to trade swaps.You execute a new receive fixed/pay floating swap with a 5-year tenor and $10 million notional amount.
You trade this swap under standard terms at a fixed rate of 1.318828%. 3-month LIBOR was set the same morning in London at 0.63585%.
How many days of interest will you owe on your second floating rate payment?
A. 90
B. 91
C. 92
D. 93