Use this balance sheet information to answer the following questions: The ALCO committee believes that 1+RR=0.01 would be a reasonable estimate of relevant interest rate movements. The average fixed loans have interest rates of 5 percent and a maturity of six years with annual amortised payments. If the 90-day bank bill futures are quoted at 95.0, and there is no basis risk, calculate the number of futures contracts to macro-hedge the bank's balance sheet. Show all calculations and specifically state whether a short or long position is recommended