Suppose the september eurodollar futures contract has a


Suppose the September Eurodollar futures contract has a price of 95.2. You plan to borrow $75m for 3 months in September at LIBOR, and you intend to use the Eurodollar future contract to hedge your borrowing rate. To hedge your borrowing cost, how many contracts will you enter into right now?

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Financial Management: Suppose the september eurodollar futures contract has a
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