"The U.S. central bank raised interest rates by a half percentage point, or 50 basis points, on May 4, the first half-point increase since 2000. Officials have signaled similar moves are very likely at their next two meetings, in June and July." (WSJ, May 30, 2022)

Consider a scenario that your firm is faced with paying a variable rate debt obligation for the next 18 months. Identify strategies, if necessary, that could reduce the risk to your firm. (Feel free to bring your idea or use the material covered in our lecture like interest rate futures, foreign loan, and interest rate swaps)