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KF enters into an FRA with Interfirst Bank with a notional Principal of $50 million and the following terms, 6 months, if LIBOR is above 6%, KF will

KF enters into an FRA with Interfirst Bank with a notional Principal of $50 million and the following terms, 6 months, if LIBOR is above 6%, KF will pay Interfirst according to the standard FRA formula. If LIBOR is less than 6%, Interfirst will pay KF. If LIBOR is 5.5% in 6 months, who pays and how much will the company pay?

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