Alpha Ltd has a short-term borrowing need in 6 months' time and wishes to hedge against a rise in interest rates.

To hedge against a rise in interest rates, Alpha could (choose all correct answers)

Select one or more:

Sell Bank Bill Futures with maturity date in 6 months' time

Sell a FRA that settles in 6 months' time

Buy Bank Bill Futures with maturity date in 6 months' time

Buy a FRA that settles in 6 months' time