6.31) You want to direct hedge your $100M TBond portfolio over the next 3 months. Its duration in 3 months isexpected to be 4 years. The CTD TBond futures price is 122 (the contract is for $0.1M par TBonds) and theexpected CTDs duration at the futures maturity is expected to be 9 years. Specify your fully hedged futuresposition. If the whole interest rate term structure rises but less so for the long rates than for the short rates, howwill this affect the hedges profit? DO NOT USE CHATGPT, I WILL DISLIKE YOU AND REPORT YOU SINCE IVE USED IT AND IT GIVES WRONG ANSWER