The following data applies to a forward rate agreement that settles in 60 days: l It is based on 180-day LIBOR l The notional principal amount is $15 million l It calls for a forward rate of 6.5% l In 30 days, 180-day LIBOR will be 6.2% l In 60 days, 180-day LIBOR will be 7.0% l In 180 days, 180-day LIBOR will be 7.5% The short’s cash payment at settlement is closest to: