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Assume today is mid-October 2010 and you have just received $1mil which you immediately invest in the Bank Accepted Bill (BAB) for 90 days (i.e.

Assume today is mid-October 2010 and you have just received $1mil which you immediately invest in the Bank Accepted Bill (BAB) for 90 days (i.e. the investment period is between today and mid-January 2011). Fearing that the BAB yield will move against you between now and mid-January 2011, you intend to lock in the investment yield by using the BAB futures. You will: A. Long BAB today

B. Long the BAB futures today

C. Short the BAB futures today

D. Short BAB today

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