The 3-month Eurodollar futures price quote for a futures contract with a delivery date in 6 months is 94. The size of the Eurodollar futures contract is $1 million. Use this information to answer this and the next question. Which of the following is the correct arbitrage strategy? O a. Borrow at the 9 month LIBOR rate, invest at the 6 month LIBOR rate, buy the Eurodollar futures contract Ob Borrow at the 9 month LIBOR rate, invest at the 6 month LIBOR rate, sell the Eurodollar futures contract Oc. Invest at the 9 month LIBOR rate, borrow at the 6 month LIBOR rate, sell the Eurodollar futures contract In six months, a treasurer will issue commercial paper with a face value of $10 million and a maturity of 6 months. If the commercial paper were issued right away, it would have a market value of $9,417,645. The treasurer should hedge its interest rate risk by: O a. Buying 9.5611 Eurodollar futures contracts O b. Selling 9.5611 Eurodollar futures contracts Oc. Selling 19.1221 Eurodollar futures contracts