(Answered) Question use the quotes of eurodollar futures contracts

Finance

Question: Use the quotes of Eurodollar futures contracts traded on the Chicago Mercantile Exchange on December 20, 2005, to answer the following questions:

a. What is the annualized discount yield based on the low IMM index for the nearest June contract?

b. If your bank took a short position at the high price for the day for 15 contracts, what would be the dollar gain or loss at settlement on December 20, 2005?

c. If you deposited the initial required hedging margin in your equity account upon taking the position described in b, what would be the marked-to-market value of your equity account at settlement?

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