Question: A company has several long - term floating - rate bonds outstanding. The company's cash flows have stabilized, and the company is considering hedging interest

A company has several long-term floating-rate bonds outstanding. The company's cash flows have stabilized, and the company is considering hedging interest rate risk. Which of the following derivative instruments is recommended for this purpose?
A.
Structured short-term note.
B.
Forward contract on a commodity.
C.
Futures contract on a stock.
D.
Interest rate swap agreement.

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