Baratheon Asset Management Co. LTD entered a one-year interest rate swap on June 1, 2019. The swap involved a six-month Libor being paid and a fixed rate of 5% being received every six months on a principal of USD 5 million. The six-month Libor on June 1, 2019 and December 1, 2019 is 4.6% and 5.2%, respectively. With all rates compounded semi-annually, which of the following statements is most likely to be TRUE about this swap?

A、ThefirstexchangeshouldtakeplaceonDecember1,2019anditwouldbeUSD-5,000.
B、ThevalueoftheswaprightafterthefirstexchangeshouldbeUSD-4873forBaratheonAssetManagementCo.LT
D、
C、Overnightinterestswap(OIS)hadbeenpopularpre-crisis,andLiborwasusedasaproxyfortherisk-freeratesincethen.
D、
C、Overnightinterestswap(OIS)hadbeenpopularpre-crisis,andLiborwasusedasaproxyfortherisk-freeratesincethen.D-Aninterestrateswapcantransformafixed-rateliabilitytoafloating-rateasset(orviceversa).Itcanalsotransformafixed-rateassettoafloating-rateliability(orviceversa).