2.A company plans to raise funds in two months' time by issuing 180-day bank bills with a face value of $10 million. The CFO decides to hedge the interest rate risk using the 90-day bank bill futures contract. The duration-based hedge ratio is: A < (a) a short position of twenty contracts < (b) a long position of ten contracts < (c) a short position of five contracts < (d) a long position of five contracts. < k