MegaEvil Corp., run by Dr. Evil, PhD, is feeling pretty uncertain within the current geopolitical environment, as many of MegaEvil's dangerous products, which include "laser sharks" are being banned by governments around the world. To make matters worse, MegaEvil currently has $100 Billion of debt, which Dr. Evil convinced his #2 executive (named "#2") and the board to issue at a variable rate (LIBOR + 200 BPs) as Dr. Evil didn't feel that that interest rates would go up at the time, and LIBOR + 200 BPs was cheaper at the time than fixed-rates MegaEvil could have gotten in the market. However, now rates are rising quickly and #2 is furious at Dr. Evil (but afraid to voice his opinion) as he feels the Fed will continue to raise rates for the next 5 years. The $100 Billion of MegaEvil corp. debt will also mature in 5 years.

IF Dr. Evil takes #2's advice and now hedges out the $100 billion in variable rate debt, via locking in a fixed-rate using the correct SWAP, will MegaEvil also be hedged against interest rate risk on a new debt issuance if they decide to issue another $50 billion in variable rate debt in a couple years?

Group of answer choices

"Yes"

"No"