请教level 2 practice exam volume1 第一套 35题

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答案给的是c，我怎么想都是选b。buy the floor and sell the cap不就是相当于限定return的范围吗？很符合题目中要求hedge LIBOR based asset啊。还是我理解有问题？
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关键词：Practice practic volume Level Volum 请教 Exam Level Practice

因为是hedge fixed-rate portion of portfolio, interest rate increase would lead the value of portfolio decrease. so you need a hedge tool to make up the loss. that is a tool that would increase in value when interest rate rises. Long a cap and gains when interest rate increases. So does short a floor.

明白了。十分感谢楼上的同学。