If the pension fund you manage expects to have an inflow of$$ $$120$M six months from$$ now, what type of contract would you seek to enter into to lock in current interest$$ rates?

Part $2$

A$.$

Take a put option on$$ six$-$month T$-$bills.

B$.$

Take a call option on$$ six$-$month T$-$bills.

C$.$

Take a short position on an$$ interest$-$rate forward contract.

D$.$

Take a long position on an$$ interest$-$rate forward contract.