It is March 1 and a corporate treasurer learns that he will receive $2 million on May 1 that will be needed for a major capital investment. He plans to issue 6-month maturity commercial paper when he receives that money. Concerned about the prospect of rising interest rates he decides to hedge using a June T-Bill futures contract whose IMM futures price is 90.89 (i.e. FIMM = 90.89). What is the duration-based hedge ratio? none of these other answers are correct short about 8 T-Bill futures contracts long about 4 T-Bill futures contracts short about 4 T-Bill futures contracts long about 8 T-Bill futures contracts not support either the theory of normal