Question: Suppose we wish to borrow $ 8 , 0 0 0 , 0 0 0 for 9 1 days at SOFR ( the successor to

Suppose we wish to borrow $8,000,000 for 91 days at SOFR (the successor to LIBOR) beginning next December. In this case, we might want to hedge against a potential ______ in interest rates between now and December by taking a _____ position in Eurodollar futures.

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