Question 12 10 pts A bank entered into an FRA to lend $12m starting in March and ending in December at 3.00% ACT/360. It decided to hedge this exposure using Eurodollar futures contracts. It goes short 12 contracts each of the March, June and September contracts. Briefly explain why the bank chose 1. Why the bank went short rather than long 2. Why 12 contracts 3. Why did it trade the March, June and September contracts rather than other contracts. HTML Editore B 3 x := E IU - A - A - Ix E N VX vet om 3 v 3 1 3 1 x 12pt Paragraph