An investor wants to lock in the interest rate for a three-month period beginning September...
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An investor wants to lock in the interest rate for a three-month period beginning September 18, 2021 on a principal of $100 million. The September 2021 Eurodollar futures quote is 97.25. Suppose that on September 18, 2021, the three-month Eurodollar rate turns out to be 2.5%.
How could this investor achieve his/her goal by trading Eurodollar futures? Explain
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