c) As Credit Officer of a large Malaysian bank, you have agreed to provide an important institutional customer with a fixed rate 3-month RM20 mil for 90 days from today and you had priced the loan at 12% per annum. Your cost of funds is the KLIBOR rate. Today's quotations are as follows: 3-month KLIBOR 9.00% 6-month KLIBOR futures 90.0 (0) Outline the appropriate hedging strategy to protect you from the risk of a rise of interest rate. (3 marks) If interest rates rise or fall by 2% over the next 3 months, prove that your hedge strategy above would have protected your interest spread or total earnings (9 marks)