F. Pierce Products Inc. is financing a new manufacturing facility with the issue in March of $20,000,000 of 20-year bonds with semiannual interest payments. It is now October, and if Pierce were to issue the bonds now, the yield would be 10% because of Pierces high risk. Pierces CFO is concerned that interest rates will climb even higher in coming months and is considering hedging the bond issue. The following data are available