On February 20, a treasurer realizes that the company will have to invest on July 17 in commercial paper with a maturity of 180 days. If the company invested in the commercial paper right away, it would invest $4.88 million. The September Eurodollar futures price is quoted at 96.00. How should the treasurer hedge the company's exposure?

a. Sell (close to) 9.86 futures contracts.

b. Sell (close to) 4.93 futures contracts.

c. Buy (close to) 9.86 futures contracts.

d. Buy (close to) 4.93 futures contracts