Instruction 8.1: For the following problem(s), consider these debt strategies being considered by a corporate borrower. Each is intended to provide $1,000,000 in financing for a three-year period. ? Strategy #1: Borrow $1,000,000 for three years at a fixed rate of interest of 7%. ? Strategy #2: Borrow $1,000,000 for three years at a floating rate of LIBOR + 2%, to be reset annually. The current LIBOR rate is 3.50% ? Strategy #3: Borrow $1,000,000 for one year at a fixed rate, and then renew the credit annually. The current one-year rate is 5%. Refer to Instruction 8.1. Which strategy (strategies) will eliminate credit risk? A. Strategy #1 B. Strategy #2 C. Strategy #3 D. Strategies #1 and #2