4 points Save A Question 3 of 25 Question 3 It is March 1 and a corporate treasurer learns that he will receive $2 million on May 1 that will be needed for a major capital investment. He plans to issue 6-month maturity commercial paper when he receives that money. Concerned about the prospect of rising interest rates he decides to hedge using a June T-Bill futures contract whose IMM futures price is 90.896.e. FIMM 90.89). What is the duration-based hedge ratio? short about 4 T-Bill futures contracts long about 4 T-Bill futures contracts Question Completion Status: 90.89). What is the duration-based hedge ratio? short about 4 T-Bill futures contracts long about 4 T-Bill futures contracts o none of these other answers are correct short about 8 T-Bill futures contract