28. An FI has a 1-year 8-percent US$160 million loan financed with a 1-year 7-percent UKE million CD. The current exchange rate is $1.60/. We current (spot) rate for one-year British pound futures is currently at 1.58/L and cach At size is 102,500, how many contracts are required to be purchased or sold in order to fully hedge against the pound exposure? (Assume no basis risk). A. Sell 1,712 BP futures. B. Buy 2,560 BP futures. C. Buy 1,600 BP futures. D. Sell 1,600 BP futures. E. Buy 1,712 BP futures