单选题 Assume that you are analyzing a plain vanilla interest rate swap with the following characteristics :
Counterparty X Counterparty Y
pay fixed rate 6% pay floating rate LIBOR + 0.5%
receive floating rate LIBOR +0.5% receive fixed rate 6%
Swap tenor: 10 years
National principal: $1000000
LIBOR : 4.75%
Which of the following is the first floating rate payment made by Counterparty Y?

• A. $60000.
• B. $47500.
• C. $52500.