A firm is paying a floating rate interest on an existing loan and is concerned that interest rates will increase. Which of the following positions will help hedge the firms concern and existing loan position?

Group of answer choices

a. A currency swap transaction to swap into another currency.

b. A credit default swap which will provide insurance on his loan.

c. An interest rate swap transaction in which the firm will pay another floating rate to another party.

d. An interest rate swap transaction in which the firm will receive a floating rate interest payments and will pay a fixed interest rate to another party.