The banking institution of which you are manager has $20 million invested in fixed-rate mortgage loans funded by 90-day money market CDs with rates pegged to the 90-day Treasury bills rate. You are convinced by experts' forecasts that rates will have risen from their current level of 8.25 percent to 10 percent when investors roll over the CDs at maturity (90 days from today). You want to hedge this risk exposure.Currently, a 90-day Treasury bill futures contract is trading at 98.00, for a discount yield of 8 percent.Remember that a Treasury bill futures contract has a face value of $1,000,000.Given your interest rate expectations, would you assume a long or a short position in the futures market?What would be the size of your position (i.e., number of contracts)?Suppose that the Treasury bill futures yield rises 175 basis points.Calculate the dollar gain or loss on the futures position.If interest cost also rises from 10.25 percent to 12 percent, calculate the net gain or loss on the hedge.