An investor observes the following current CDS market information:

Select the most appropriate credit portfolio positioning strategy to capitalize on an expected steepening of the investment-grade credit spread curve.

A. Sell protection on the 10-year CDX IG index and purchase protection on the 5-year CDX IG index using contracts of equal notional value.

B. Sell protection on the 10-year CDX IG index and purchase protection on the 5-year CDX IG index using a contract with a notional amount equal to 1.82 times that of the 10-year contract.

C. Buy protection on the 10-year CDX IG index and sell protection on the 5-year CDX IG index using a contract with a notional amount equal to 1.82 times that of the 10- year contract.

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CDX Contract CDX IG Index CDX IG Index CDX HY Index CDX HY Index Tenor (years) 5 10 5 10 CDS Spread 85 bps 135 bps 175 bps 275 bps EffSpreadDurCDS 4.9 8.9 4.7 8.7