Explain a euro dollar futures contract priced


Six months from today you plan to borrow $433 million for 6 months at LIBOR. You hedge your interest rate risk with a euro dollar futures contract priced at 99.4. If settled in arrears, what is your payment if the 6-month LIBOR is 2.5625% in six months?

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: Explain a euro dollar futures contract priced
Reference No:- TGS0730261

Expected delivery within 24 Hours