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A company is looking to borrow $500 million for 3 years and is looking to hedge using interest rate futures. Should the company buy or

A company is looking to borrow $500 million for 3 years and is looking to hedge using interest rate futures. Should the company buy or sell Euro futures and if the maturities of interest futures are 1,3,6,9 & 12 months, how can they hedge the long-term borrowing position (three years)?

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