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A hedge fund manager who holds a portfolio of interest rate-sensitive positions has just received an economist's report forecasting a significant shift in interest rates. Accordingly, the manager wants to change the fund's interest rate exposure by investing in fixed-income securities with negative duration. Which of the following positions should the fund manager take?
A
A long position in a callable corporate bond
B
A long position in a putable corporate bond
C
An interest rate swap paying fixed and receiving LIBOR plus a spread
D
An interest rate swap paying LIBOR plus a spread and receiving fixed