$8)$ A company owns $3-$year notes that yield SOFR $+0\mathrm{.}40\%$ and wants to hedge its interest rate exposure using a swap. A swap dealer is currently offering $3-$year SOFR swaps with a bid of $3\mathrm{.}97\%$ and an ask of $4\mathrm{.}03\%.$ What is the effective rate of the company$$s notes after the swap?

A$)3\mathrm{.}57\%$

B$)3\mathrm{.}63\%$

C$)4\mathrm{.}37\%$

D$)4\mathrm{.}43\%$