Problemon january 8 2016 a bank wants to lock in the, Ask an Expert

Finance

Problem:

On January 8, 2016, a bank wants to lock in the 3-month interest rate starting on June 20, 2017. The investor buys June2017 Eurodollar futures contracts at 96.53.

Required:

Question: What is the interest rate that the investor locked in?

Note: Please show how you came up with the solution.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91148530

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