Finance Assignment | Top Essay Writing
A corporation will receive USD7 million in 3 months’ time for a period of 3 months. is 94.90. Suppose in 3 months the interest rate becomes 5.25% for 3-month Euro deposits and the Eurodollar futures price is 94.56.
(a) How many ticks has the futures price moved?
(b) How many futures contracts should this investor buy or sell if she wants to lock! in the current rates?
(c) What is the profit (loss) for an investor who bought the contract at 94.902? Get Finance homework help today