问题：A company wants to secure minimum earnings on deposits of $10 million it will be making in four months' time (mid-December) for an investment period of three months (to mid-March). Which of the following would be suitable methods of hedging the exposure to a fall in interest rates over the next four months?
A. Buying a put option on September short dollar futures.
B. Buying December short dollar futures.
C. Buying a call option on December short dollar futures.
D. Selling September short dollar futures.
E. Selling a 5 v 9 FRA.
答案：The correct answers are:
Buying a call option on December short dollar futures
Buying December short dollar futures
解析：The exposure to a fall in short-term interest rates can be obtained by selling a 4 v 7 FRA, buying December futures or buying a call option on December futures. Dealing in September futures or options does not provide sufficient cover against the interest rate exposure.
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