23-109 in Addition to Purchasing the Cap,if the Bank Also

23-109 In addition to purchasing the cap,if the bank also purchases a 3-year 6 percent floor and interest rates are 5 percent and 7 percent in years 2 and 3,respectively,what are the payoffs to the bank? Specifically,the bank will

A) receive $50,000 at the end of year 2 and receive $50,000 at the end of year 3.
B) receive $50,000 at the end of year 2 and pay $50,000 at the end of year 3.
C) receive $0 at the end of year 2 and pay $50,000 at the end of year 3.
D) receive $0 at the end of year 2 and receive $50,000 at the end of year 3.
E) receive $50,000 at the end of year 2 and pay $0 at the end of year 3.