Assume you are a floating rate borrower. Circle the position you would take in each of the following instruments to protect yourself against a rise in LIBOR rates: (you will circle one position for each type of derivative, i.e. whether you would Pay or Receive on a swap) 4. a. Swaps b. FRA c. EuroDollar Futures d. IR Option e. Swaption Position (circle one for each derivative) PAY OING LONG Call Payer RECEIVE SHORT SHORT Put Receiver