Which one of the following individuals is most likely to benefit from buying ten year bond futures?

	A.	a bond fund manager wishing to hedge the interest rate risk on his bond portfolio (duration = 7.5 years; bonds held as assets)
	B.	a bond fund manager who knows he will have to sell his bonds in ten years time
	C.	a finance manager who has to raise $10m through the issue of 8 year debentures in ten weeks time, and wishes to lock in a borrowing cost
	D.	a finance manager who has to raise $10m through the issue of bank bills in ten weeks time, and wishes to lock in a borrowing cost
	E.	the manager of a portfolio of long maturity corporate debt (held as a liability) looking to hedge the interest rate risk associated with a forecast economic recession