Suppose That a Corporation Needs to Raise Capital by Issuing

Suppose that a corporation needs to raise capital by issuing commercial paper with a maturity of 90 days three months from now.What would the firm most likely do as a protection against an unanticipated increase in short-term rates?

A) Buy futures contracts written on T-bills.
B) Sell futures contracts written on T-bills.
C) Buy futures contracts written on corporate bonds.
D) Sell futures contracts written on T-bonds.
E) None of these.