A bank wants to lock in the 3-month interest rate starting, Financial Management

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A bank wants to lock in the 3-month interest rate starting

A bank wants to lock in the 3-month interest rate starting on June 20, 2017. Currently, 6/2017 Eurodollar futures price is 94.51 and 9/2017 Eurodollar futures price is 97.55. What is the lock in 3-month interest rate between 6/2017 and 9/2017? (margin of error: +/- 0.01%)

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Financial Management: A bank wants to lock in the 3-month interest rate starting

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Financial Management: A bank wants to lock in the 3-month interest rate starting

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