Your Firm Has Sold Long-Term Government Bonds Short on a When-Issued

Your firm has sold long-term government bonds short on a when-issued basis; your firm must purchase the bonds and deliver them when they are issued in 6 months. To hedge this risk, you could
I. buy at-the-money put options on bonds.
II. sell bond futures contracts.
III. write at-the-money call options on bonds.

A) I only
B) II only
C) I and III only
D) II and III only
E) none of these would hedge the risk The risk is from rising prices.